Post
Topic
Board Bitcoin Discussion
Re: Why Google Play no accept Bitcoin to Buy Stuff Apps
by
stompix
on 17/02/2018, 12:08:23 UTC
because of the volaltility of the market and the decentralized market of crypto currency google will not support it
suppose u buy an app at 0.0001 bitcoin which is the 15 dollar in usd
in the next day u will see that the same 0.0001 bitcoin is now as 17$ in usd
so that much volatility google will not accept it

99% of the merchants that accept coins are doing this by working with bitpay.
The coins are automatically exchanged to USD at the price of the sale so thee is no risk of volatility for the seller.

Transaction fees are generally very high so people would probably not be willing to use them. Besides, how would they report cryptocurrencies in their annual reports? It definitely would be a hassle, and I think unless cryptocurrencies become really widespread, companies will not feel like the effort to incorporate cryptocurrencies into their systems will not pay off.

Transactions fees are 0.15 cents at the moment.
Secondary , they don't have to report cryptocurrencies, what they get is $.

In my opinion that is the security of the transaction. If the companies apply bitcoin as a payment method, they will not be able to control the entire customer.
The crypto market is an anonymous market and transactions are very well secured. So the company will not be able to control the number of users of their applications to summarize the report.

Can you please say this again in English?