There I was thinking of bitcoin and it is contained in the title of this post. Is bitcoin can be used as a method of payment online?
Seeing that bitcoin has prices that always change when it is used as a payment method definitely prices will change as well. That would make traders must often change the prices in order not to incur a loss if the price drops. What do you think ? Is bitcoin can be used as a method of payment online?
Most webhosting services accepts Bitcoin as a payment method simply due to its convenience and low fees. Even though volatility is a problem, most merchants can easily send the Bitcoins to exchange and exchange for fiat everyday to reduce/prevent loss. Most merchants I have seen uses Bitpay which offers merchants the ability to convert Bitcoin to fiat instantly when the customer pays.