Coffee was paid for with bitcoin. Did the cafe acquire bitcoin?
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The customer paid in $BTC , the register confirmed the payment, and the seller received ordinary money. There is no contradiction here.
A payment provider can convert the incoming cryptocurrency and pay the merchant in their chosen settlement currency. For example, BitPay describes settlement options in traditional currencies and supported crypto assets.
For the customer, it’s a crypto payment. For the merchant, it’s a way to accept that payment without necessarily keeping a volatile asset on its balance sheet. A separate step now exists between making a payment and accumulating coins.
That’s why the number of businesses accepting crypto payments cannot be directly equated with the number of companies increasing their crypto holdings. To draw conclusions about demand, it’s important to understand what currency sellers receive and what they do with it afterward.
The development of payments expands the utility of the infrastructure. Its impact on a particular token requires a separate analysis: who buys, who sells, and what fees are incurred.
In your view, are accepting crypto payments and a business holding cryptocurrency one and the same thing?
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The customer paid in $BTC , the register confirmed the payment, and the seller received ordinary money. There is no contradiction here.
A payment provider can convert the incoming cryptocurrency and pay the merchant in their chosen settlement currency. For example, BitPay describes settlement options in traditional currencies and supported crypto assets.
For the customer, it’s a crypto payment. For the merchant, it’s a way to accept that payment without necessarily keeping a volatile asset on its balance sheet. A separate step now exists between making a payment and accumulating coins.
That’s why the number of businesses accepting crypto payments cannot be directly equated with the number of companies increasing their crypto holdings. To draw conclusions about demand, it’s important to understand what currency sellers receive and what they do with it afterward.
The development of payments expands the utility of the infrastructure. Its impact on a particular token requires a separate analysis: who buys, who sells, and what fees are incurred.
In your view, are accepting crypto payments and a business holding cryptocurrency one and the same thing?