Never gonna happen is a bit of a stretch. It used to be a thing. Steam accepted bitcoin. They stopped accepting it due to volatility and high transaction fees at the time. You still price things in your local currency but convert at checkout. There are “plug and play” payment processors who can handle it now… Spar in Switzerland accepts it.
But imo, its not something regular people should be using anyway.
MajesticElevator@lemmy.zip 3 days ago
You’re aware we just use the conversion price in fiat, right?
echodot@feddit.uk 3 days ago
I don’t know what you’re saying. If I charge a particular amount for a loaf of bread and then the price drops halfway through the day then that person still has the bread but I now don’t have the money.
The whole point of currency is to get away from the fluctuating value of exchange that everyone had to deal with when we used to buy things with gold and semi-precious stones.
sugar_in_your_tea@sh.itjust.works 3 days ago
Vendors can immediately sell upon receipt. And prices rarely change that much in a day, usually it’s a few percent, especially for the currencies targeted at actually being currencies instead of scams.
MajesticElevator@lemmy.zip 2 days ago
This ^
Most vendors do frequently sell or convert to stablecoins to avoid this problem, and in times of uncertainty, they often charge more to cover the eventual losses