Wow, the most roundabout solution ever...
Here's a better one that works 100% and it's already implemented by most merchants.
Use a 3rd party solution that instantly converts the btc to whatever fiat currency you want.
If anyone wants to waste his time on the article, here is the link:
https://www.forbes.com/sites/civicnation/2018/02/02/how-one-courageous-act-can-set-a-culture-change-in-motion/#4ab66be74bb3
Topic: Wall Street Has Solved A Big Problem For Bitcoin (Read 129 times)
Bitcoin in future market already exist in these few years and i dont think wall street manage bitcoin as they only manage stocks, maybe more like future exchanges such as NYMEX or COMEX. Its something common as to hedge a position in the future market when you're losing money in the spot market however margin trading in future market posess larger risk than spot market and i think not many people dare to take that risk not to mention it cost a large of equity to hold position in future market.
As written by Panos Mourdoukoutas the contributer of Forbes, Wall Street has solved a big problem for bitcoin.. Here is his article:
Wall Street has solved a big problem for Bitcoin: market volatility, paving the way for the people’s currency to gain broad acceptance among merchants as a medium of exchange.
That’s a bullish development for the “people’s currency.”
Starbucks and Dunkin Donuts have been talking about Bitcoin lately, for an obvious reason: accepting Bitcoin as a form of payment for their products will create a great deal of buzz for the two franchises among young customers enchanted with the digital currency.
But they have yet to accept it as a form of payment for coffee and lattes.
Why? It’s hard to say. Perhaps, they are concerned about the volatility of the digital currency, which could result in a great deal of loss should it fall precipitously against the dollar.
That’s an old problem, however, which Wall Street has solved recently with the introduction of Bitcoin Futures. Starbucks, Dunkin Donuts, and any other merchants concerned about this prospect can short Bitcoin Futures.
This means that any losses in the spot market will be made up in the Futures market.
Wall Street has solved a big problem for Bitcoin: market volatility, paving the way for the people’s currency to gain broad acceptance among merchants as a medium of exchange.
That’s a bullish development for the “people’s currency.”
Starbucks and Dunkin Donuts have been talking about Bitcoin lately, for an obvious reason: accepting Bitcoin as a form of payment for their products will create a great deal of buzz for the two franchises among young customers enchanted with the digital currency.
But they have yet to accept it as a form of payment for coffee and lattes.
Why? It’s hard to say. Perhaps, they are concerned about the volatility of the digital currency, which could result in a great deal of loss should it fall precipitously against the dollar.
That’s an old problem, however, which Wall Street has solved recently with the introduction of Bitcoin Futures. Starbucks, Dunkin Donuts, and any other merchants concerned about this prospect can short Bitcoin Futures.
This means that any losses in the spot market will be made up in the Futures market.
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