Visa Plans to Enable Bitcoin Payments at 70M Merchants

Re:Visa Plans to Enable Bitcoin Payments at 70M Merchants by realradicalwash on Wednesday March 17, 2021 @10:05PM (#26499050)

if transactions were done in btc, each transaction would amass the typical fees - which are pretty high at the moment.

converting btc to fiat to pay your visa card bill at the end of the month would be one transaction per month.

that's a huge difference.

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Re:Visa Plans to Enable Bitcoin Payments at 70M Merchants by Gustomaximus on Wednesday March 17, 2021 @11:35PM (#26499474)

> converting btc to fiat to pay your visa card bill at the end of the month would be one transaction per month.

Given BTC volatility paying monthly could add a bunch of risk (or benefit) to purchases. I imagine most people would want something more stable for their purchasing.

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Re:Visa Plans to Enable Bitcoin Payments at 70M Merchants by lavezzi on Wednesday March 17, 2021 @11:38PM (#26499489)

Also you are liable for capital gains tax when realised.

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Re:Visa Plans to Enable Bitcoin Payments at 70M Merchants by kanwisher on Thursday March 18, 2021 @04:48AM (#26500697)

in usa yes

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Re:Visa Plans to Enable Bitcoin Payments at 70M Merchants by MrDresden on Thursday March 18, 2021 @07:57AM (#26501735)

And in many eu countries as well

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Re:Visa Plans to Enable Bitcoin Payments at 70M Merchants by runeks on Thursday March 18, 2021 @03:38AM (#26500392)

> if transactions were done in btc, each transaction would amass the typical fees […]

No. A transaction can be denominated in BTC without touching the blockchain. And settled at the end of the month through the blockchain.

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