If you buy crypto from them, you obviously give them fiat
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Luxury watchmaker Breitling starts accepting Bitcoin for purchases
- Thread starter johnarb
- Start date
If you buy crypto from them, you obviously give them fiat
who buys crypto from them and why?
they seem to be focusing on getting vendors to accept crypto. That flow is going to be 99percent one way.
I think you don't understand the real rational behind it. It's not because they like cryptos as our usual shills want to make us believe. It's because Russia and a few others can't otherwise access foreign currencies at current. Despite the volatility watchmakers rather keep the honey flowing despite larger volatility.
they still can’t ship the watch to a Russian address.
Nah...there are more than enough people who downloaded the app to buy bitcoin commission free. Not the traders, but retail and HODLers. They have one of their simple, colorful buttonmashers. You know, where you don't have to care about order types and TIF and you only need to type in the dollar amount and press buy^^who buys crypto from them and why?
they seem to be focusing on getting vendors to accept crypto. That flow is going to be 99percent one way.
Nah...there are more than enough people who downloaded the app to buy bitcoin commission free. Not the traders, but retail and HODLers. They have one of their simple, colorful buttonmashers. You know, where you don't have to care about order types and TIF and you only need to type in the dollar amount and press buy^^
Ok. So they also market to retail guys. They are selling fiat to retail merchants and buying fiat from retail investors.
And only taking 1percent from the merchants.
Exactly.Ok. So they also market to retail guys. They are selling fiat to retail merchants and buying fiat from retail investors.
And only taking 1percent from the merchants.
just cheaper and fasterIts really not that hard to understand. Works just like ummmm ... fiat does in most cases.
Its really not that hard to understand. Works just like ummmm ... fiat does in most cases.
Except fiat is stable and firms still charge 3percent for processing and risk management.
The latter anyway.Except fiat is stable and firms still charge 3percent for processing and risk management.
Charging more is better?
For the credit card processor it is.