Perhaps I'm being a bit of a wally, but I'm confused.
I thought the idea of Bitcoin was to cut-out the middleman and have direct payment transfers between sender and receiver.
So why is Bit-Pay flourishing? If we use Bit-Pay the middleman is back again, taking their cut. So we're back where we started. We might as well use Paypal again???
Maybe I'm missing something here?
Because Bitcoin is still small and it's price wildly fluctuate
Bit Pay allows EVERY merchant to safely and easily accept Bitcoin without even caring about what it is and it's price, they can simply receive dollars like with normal payment system and the buyer pay with Bitcoin
Sure, the day everyone will use Bitcoin and no one will need dollars the situation will be different, but now such a thing is required.
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