Author

Topic: What happens to payment processors bitcoins? (Read 462 times)

member
Activity: 70
Merit: 10
December 13, 2013, 05:27:36 AM
#3
It would be my guess that they leverage the amount of Bitcoin they hold with fiat.  I'd think they hold on to Bitcoin also just not 100 percent Bitcoin because that would be risky to say the least.
full member
Activity: 171
Merit: 100
December 12, 2013, 06:21:40 PM
#2
I would guess that Bitpay is trading on an exchange somewhere for fiat.
newbie
Activity: 9
Merit: 0
December 12, 2013, 06:03:45 PM
#1
Title says it all. Where does processors like BitPay exchange into fiat? Where do the coins end up?
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