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Wednesday, 31 July 2019

Why would merchants convert to fiat right away (like through Bitpay) if they accept payments in Bitcoin Cash?

The government keeps printing out USD, so its guaranteed that the USD will continue losing value long term (bad for business). Bitcoin Cash is a deflationary currency that is capped at 21 million and its self sustaining as long as there are enough transactions to incentivize miners once the block reward runs out. Bitcoin Cash purchasing power should go up long term except if there was a Black swan event (good for business).

It seems like short term volatility is a boogeyman for not accepting and keeping payments in Bitcoin Cash.

submitted by /u/lopokoko
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from Bitcoin - The Internet of Money https://ift.tt/2SUte4u

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