Hi there,
first off - @admin, I´m not sure if this is the right forum category, so please shift if unadequate!
I wanted to know why big companies like Microsoft, Paypal, Overstock and now consulting firms (with PwC HKK) accept BTC as a payment method? Regarding the latter, it´s due to increasing cooperations with start-ups that operate with BTC as main payment, but regarding the others?
From my point of view, companies with sizes like the above mentioned (refering to cash flows and generated income) are normally risk averse and therefore it seems counter intuitive to me to accept BTC as a payment method due to its heavy volatility.
Moreover, not knowing how regulation might influence the outcome for BTC is another argument for not accepting it?!
This leaves me with only one (rather) simple solution, which is that they are convinced of BTC price rises (in the short-term at least), or even a bit more fare-fetched that they are convinced of BTC as "the new digital currency" or similar.
But that´s not plausible for me!
Does somebody know how much BTC Microsoft or the others generate with the exchange of fiat to BTC and vice-versa?
Can someone please help me out, it´s really grinding my gears Huh Huh
Thanks a lot Smiley
Base on my view big cooperation accept the bitcoin because they see the bright future of the bitcoin, they realized the bitcoin would be big impact on the world. Bitcoin is useful stock or holding for long-term investment. We dont know a few years later bitcoin value will hit half millions of dollars. Bitcoin can also be the new tools of the fast and smooth transaction all over the world.
These giant companies are also like bitcoin before as they started small but knowing their potentials especially on internet technology they become big. Now these companies also know the need to upgrade their systems, the need to change and adopt which is better so of course they clearly see bitcoin, crypto and blockchain potentials in the near future.