Post
Topic
Board Speculation
Re: Imagine the pop when Amazon finally relents...
by
gentlemand
on 11/12/2014, 16:24:54 UTC
because no big companies actually accept bitcoin, they are all accepting USD from bitpay/coinbase
it's just this simple

Just because they use Bitpay, doesn't mean they are converting 100% of their bitcoins into USD. Last time I looked, Bitpay gives you the option to convert any fraction, from 0% to 100% into fiat.   I think Overstock is on record for saying they are keeping 10% as bitcoin.

How do you know that other companies aren't doing the same?

'BitPay employee here. Around 50% of our merchants actually accept some or all of their settlement in Bitcoin.'

https://news.ycombinator.com/item?id=8733510