Post
Topic
Board Altcoin Discussion
Re: StableCoins might increase crypto adoption by big companies ?
by
o48o
on 14/10/2019, 12:49:42 UTC
You all might be knowing that Steam used to accept payments in bitcoin through BitPay, but they abruptly stopped it stating the price volatility of bitcoin to be the issue.
Stablecoins eliminates this very issue, could this encourage Steam or other companies like Amazon,etc. to start incorporating cryptocurrencies into their payment systems.
Is it possible some stablecoin might outperform bitcoin regarding this?

Doesn't the bitpay service convert the bitcoin to fiat-money automatically for the retailer? So volatility shouldn't be the issue, i think that they just want to stay away from cryptos for now because of other reasons.