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May 22, 2011, 05:05:54 PM |
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Bitcoin should really be promoted for acceptance by all mainstream Merchants for the fact that it allows for irreversible payments (when a buyer has downloaded an application or some electronic work, for example).
It will be important for the merchant to do an immediate exchange from BTC to his currency of choice though if he would prefer not to be exposed to the BTC exchange rate. Available current BTC market depth on the exchanges will play the biggest role for the merchant to price his goods in BTC. With all this data available and interchangeable online (MtGox.com and bitcoincharts.com), this can all be done programmatically.
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