spread when spending bitcoin last time I looked was about 50 basis points, don't trust verify 25 cents on a $50 purchase Go to places that accept bitcoin like TradingView and go through the checkout process
Awesome. One of the 'cases against' was always the volatility and 'why would a merchant accept a payment of $10 when it could be $9 a minute later'.The default setting is perfect.10 bucks is 10 bucks. Instantaneous conversion.
The Most Bizarre Moments In Crypto https://thedefiant.io/news/defi/the-most-bizarre-moments-in-crypto
(THEDAILYUPSIDE) BLOCKCHAIN Square Sets the Table for Crypto-Fueled Caffeine Fixes Girl/boy math is telling yourself that an $8 matcha latte costs just seven hundred-thousandths of a bitcoin. Soon, that conversion will matter because any shop that uses Square will be able to accept bitcoin payments. Square parent Block said it’ll start supporting bitcoin later this year, reaching all 4 million of its sellers by next year. CEO Jack Dorsey said merchants can keep the bitcoin they’re paid in or have it automatically converted to fiat currencies (like the dollar, peso, or pound). Previously, sellers could only do the opposite, meaning convert their fiat sales into bitcoin. Call It Bizcoin Square rival Stripe started supporting stablecoin transactions last year, acquiring stablecoin platform Bridge in February for $1.1 billion to strengthen its infrastructure. It’s actually a circle-back for Stripe, which was the first payments company to process bitcoin in 2014 but discontinued its crypto offering four years later after running into low demand and high fees. PayPal, meanwhile, has been letting shoppers check out with crypto since 2021. PayPal launched its own stablecoin in 2023 and began allowing US businesses to buy and sell bitcoin on its platform last year. As payment platforms give millions of small businesses more exposure to bitcoin, big businesses are also piling into the digital asset — whose price popped 50% from last month to an all-time high of more than $111,000 last week: According to BitcoinTreasuries.net’s tracker, 114 publicly-listed companies now hold bitcoin, up from 89 at the beginning of last month. Together, they’ve amassed about $87 billion worth. GameStop disclosed yesterday that it bought $500 million worth of bitcoin to stash in its treasury. Similarly, POTUS Trump’s media company said Tuesday it plans to raise $2.5 billion to build its own treasury of the in-demand digital asset. Hype Machine: Block announced its bitcoin expansion at Bitcoin 2025, an annual crypto conference where, last year, Trump said he’d make the US the “crypto capital of the planet.” Hopes are high that crypto will enter the mainstream under Trump as regulators push for legal frameworks that could help it gain wider adoption (a stablecoin bill is imminent). At this year’s Bitcoin 2025, VP JD Vance doubled down on the administration’s support, saying the crypto industry needs regulatory clarity ASAP. Written by Jamie Wilde
Bitcoin volatility perception is much higher than reality, for example, $10 to $9 change in value is a $10,800 1-minute candle, and I have not seen one of those, yet, I do not even think I've seen a $10,000 1-hour candle The payment window during a bitcoin payment transaction is usually 15 minutes and the value of bitcoin does not change that much in a 15 minute candle, a $1000 bitcoin price move is less than 100 basis points $10 purchase that's a 10 cent move, the payment processor i.e. BitPay is ok with taking that risk they have most likely hedged most if not all the transactions within a 15 minute window since they are in the market on bid or on the ask 24/7 But if you listen to some ET posters here, you'd think the volatility is the end of the world for bitcoin as a payment method and that is because they've never used bitcoin as a payment method If the merchant is smart, they would do auto conversion only for their costs and keep the profits in bitcoin savings for example, a 30% profit margin at a coffee shop, autoconvert 70 cents on the dollar to fiat and stack sats with 30% of sales, keep the profits in the best form of saving account, the global monetary asset, that is bitcoin
$10 to $9 is 10% discount. You guys talk about fiat being inflated away and don't comprehend the cost of converting. Buy the payment processers if you want to make real money. Or even do a physical storage carry arb...cha-ching
YOU do not know what you are talking about, there is no 10% discount show us where the 10% discount exists?
Gold is a ponzy, why pay $3000 for a rock to hide in a jam jar in the hope next year some other mug will pay $3500 for that same rock to hide in their jam jar.