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Bitcoin Forum > Other > Beginners & Help > What happens to payment processors bitcoins?
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brakk263 (OP)
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December 12, 2013, 11:03:45 PM
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Title says it all. Where does processors like BitPay exchange into fiat? Where do the coins end up?
mstang83
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December 12, 2013, 11:21:40 PM
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I would guess that Bitpay is trading on an exchange somewhere for fiat.
hieroglyph
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December 13, 2013, 10:27:36 AM
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It would be my guess that they leverage the amount of Bitcoin they hold with fiat.  I'd think they hold on to Bitcoin also just not 100 percent Bitcoin because that would be risky to say the least.
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