How is it exposure if they are just using a plugin to do all the work for them? They are still getting that cash at the end of the day without interacting with the "hot new internet currency".
Exposure = offering people the ability to use Bitcoin as money, doesn't matter how it happens. Without merchants doing this, the pool of merchants accepting Bitcoin directly will be so insignificant, that you'll burst out laughing hard.
Even the businesses dealing with Bitcoin only have to convert a chunk of their coins to fiat. Fiat pays the bills, Bitcoin does not.
Instant dumping shouldn't be a thing. Its a backstab to the people who are actually using the "hot new internet currency". User X holds BTC for a year, Makes a purchase with his new gained profit. The merchant dumps the BTC instantly causing the market to go down. Backstabbing the user who hodled for a year. Does that make sense?
Payment processors don't dump their coins instantly. They short a percentage of whatever they hold in BTC to retain their $$ value, then slowly unload the rest for fiat to not affect the price too much.
I dunno, if you have worked on a dropshipping gig or not but the profit margin is almost about 100% on each sale. 5% isn't huge in any way.
The industries that I mentioned work with very tight margins. The local super market here makes less than 5% per sale, because there is no way to squeeze out more due to the competition. If you try to do so, people switch to another super market offering the same product for a lower price.
Agreed but remember we are here to make everyone accept BTCs eventually. So maybe these merchants can start convinces their suppliers to accept the hot new internet currency which they are accepting no?
That would be ideal, but then again, how do you think these suppliers will try to hedge the risks associated with Bitcoin?