Quote:
Originally Posted by Stephen
Well, I think the biggest roadblock is that the value of bit coin fluctuates dramatically - this is not a favourable attribute for people who prefer to avoid risk.
Either way there would need to be a service to accept the bitcoin, convert it to USD, and finally submit it to the vendor (Graal Online). I'm not sure if that exists yet - this would mediate the risk for those who are risk adverse (Graal Online).
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Bitpay allows for payments to be immediately converted to USD or other local currencies like the Euro at the time of purchase, thus removing that risk if you do not wish to take it. They only charge a 1% fee(or no transaction fees if you pay $30 a month), which is significantly less than the ~3% fee charged by credit cards. If Eurocenter set up bitpay as a payment method, the volatility of the currency becomes irrelevant as it is converted at the time of purchase.
12-12-2013, 01:44 AM
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