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.
echodot@feddit.uk 3 weeks ago
The fact that they stopped due to volatility kind of proved my point.
PieMePlenty@lemmy.world 3 weeks ago
I thought your point was it was never happening? I provided examples where it did happen in the past and where its happening now. Volatility of the price vs USD is not the biggest issue if the payment processor gives the vendor USD back after the transaction. If the vendor believes in crypto, they can decide to keep it as well. Had Valve chosen to hold their crypto earnings in 2016 for a few years, they’d have seen even larger profits. But thats beside the point. I personally believe they canned it more because of transaction fees. At the time, bitcoin network was oversaturated due to an explosion of popularity which reduced it to unusable levels for everyday transactions.
You should be focusing on why other vendors are still supporting crypto and asking yourself why.
Rekorse@sh.itjust.works 3 weeks ago
Fees are predictable. Volatility is not. If you can’t make sure the money you are paid retains its value then the price you are selling something for also is also volatile rather than inert.
Honytawk@feddit.nl 3 weeks ago
Never happening doesn’t mean they don’t try.