Re:Ohio will accept Bitcoin for corporate tax payments via B...
by alextheparrot on Sunday November 25, 2018 @01:39PM
(#18528124)
The pricing part is explained in the FAQ, they are using a third-party so the state of Ohio never sees crypto. I assume that the exchange rate has the volatility risk baked into the conversion price, so the cost is amortized across all payers.
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Re:Ohio will accept Bitcoin for corporate tax payments via B...
by akerl_ on Sunday November 25, 2018 @02:20PM
(#18528401)
The fact that conversion is done at time-of-payment is clear, yes. But as you say, you're assuming that shifts in price are being factored in (the implication seems to be "by BitPay"). I'm curious if that's actually the case.