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Author Topic: Marketing Bitcoin with Merchants: Irreversible Payments  (Read 836 times)
cloud9
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May 22, 2011, 05:05:54 PM
 #1

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.

Disclaimer:  Postings of Cloud9 are only individual views of opinion and/or musings and/or hypothesisses.  On a non-authoritative, peer-to-peer public forum, you do not need permission from Cloud9 to derive your own conclusions or opinions, so please do.  Calculations and assumptions to be verified.
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