Re:Visa Plans to Enable Bitcoin Payments at 70M Merchants
by NicoJuicy on Wednesday March 17, 2021 @09:45PM
(#26498947)
Not that huge. A lot of payment providers implemented bitcoin in 2017 and then removed it again.
It will be huge if it stays. But who wants to pay a 20$ transaction fee ( when it's a bit busy)
Re:Visa Plans to Enable Bitcoin Payments at 70M Merchants
by throw0101a on Wednesday March 17, 2021 @07:46PM
(#26498196)
I ran across the following observation a little while ago: the volatility of one's currency should be less than the volatility of the goods purchased by that currency.
Re:Visa Plans to Enable Bitcoin Payments at 70M Merchants
by sebmellen on Wednesday March 17, 2021 @11:16PM
(#26499392)
Sounds good, but does it hold true in practice? Should the average price of a dozen eggs be more volatile than $USD? I don’t think that’s the case historically.
Re:Visa Plans to Enable Bitcoin Payments at 70M Merchants
by throw0101a on Saturday March 20, 2021 @09:42AM
(#26523187)
Some goods are more volatile than others, and probably tend to be commodities (e.g., oil/WTI) rather than finished goods, but US$ (and the currencies of most developed economies) is less volatile than any good that I can think of.
Bitcoin needs to be stable before it can be used widespread for transactions.
Visa doing this increases its adoption, increased adoption, even if used in this way will stabilise the currency.
That is huge. It's just a required stepping stone.