Author

Topic: Bitcoin $800 when shops/stores take Bitcoin (Read 100 times)

legendary
Activity: 4410
Merit: 4766
shops/stores use things like bitpay to accept bitcoin

bitpay then do PRIVATE O.T.C swaps for fiat away from exchanges, and then shops recieve fiat.

in short places like bitpay dont affect the public exchanges, and thus you wont see massive sell off of coins on public exchanges due to shops/stores activities
member
Activity: 266
Merit: 32
I read, that shops/stores sell Bitcoin and convert them into cash after the payment is done in Bitcoins.
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