Re:T-Mobile Poland Officially Accepts Bitcoin Top-Ups
by brighton36 on Wednesday March 11, 2015 @01:26PM
(#9185252)
Bitcoin is probably not a currency. It is however, a wonderfully efficient payment mechanism. So, when a large institution receives payment via Bitcoin, it's immediately converted into a stable unit of account, such as USD (typically via coinbase or bitpay). Similarly, when a company receives a warrant of payment from an American express customer, they convert that warrant into USD on a 7 day term.
[ Parent
| on HN ]
There are no comments on this comment yet.