Hi, Has anyone of you used circle.com ? Is it possible to link Indian bank accounts and then buy and sell bitcoins ? Is it legal to use circle.com in India?
Hi, I saw the flow of payment processing on https://www.unocoin.com/merchants.php . How do you handle volatility risk for merchant as the payment reaches merchant account in 3 days ?
The btc got for the merchant's invoice is sold as soon as the btc transaction is confirmed. Just the merchant getting the INR will take upto 3 days. Merchant will get exactly the INR he has invoiced for his shoppper. If you are buying a computer for 25,000 INR and if you pay using bitcoin, then the merchant get exactly 25,000 INR with in 3 business days (it will usually be next business day though).
So absolutely no risk of volatility for merchants.
ok, then its fine All the best guys!!!! I am a bitcoin developer myself and I am happy to see these kind of projects rolling out in India.
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BoardMarketplace (India)
Re: Unocoin - To launch merchant services
by
btctechie
on 21/06/2014, 05:21:57 UTC
Hi, I saw the flow of payment processing on https://www.unocoin.com/merchants.php . How do you handle volatility risk for merchant as the payment reaches merchant account in 3 days ?
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Topic
BoardGames and rounds
Re: I want to send you some Bitcoin
by
btctechie
on 17/06/2014, 05:07:36 UTC
India !!!! Planning for a bitcoin awareness program here in India. Your donation will help