Post
Topic
Board Development & Technical Discussion
Re: BIP Proposal: Instant exchange rates URI scheme
by
RocketSingh
on 29/06/2016, 19:03:22 UTC
Abstract
This BIP proposes additional query keys to the URI scheme for making Bitcoin payments that are automatically converted to a different currency by address owner.

Motivation
The purpose of these additional query keys is to enable users to easily view destination currency and exchange rate at which their Bitcoin payment will be converted to by address owner. The rates are also time-bound by an expiration timestamp.
Bitcoin does not know its exchange rate against USD/JPY/CNY/XAU. Any currency conversion scheme at protocol level is pretty meaningless.