Merchants who decide to use Stripe to accept bitcoin payments will automatically be paid out in
the local currency of their choice.
Not exact matches
BlingTags could soon rival cold, hard cash as the
currency of choice in the Palo Alto area: In addition to the hundreds
of local merchants offering the service, Facebook and Stanford University are distributing the stickers across their respective campuses, with about 10,000 BlingTags in active use as
of late 2010.
And while I may have questioned the
choice of imagery on the Brixton Pound back in September (and falsely stated that The Clash were a Brixton band...), it's great to see professional and thoughtful outreach to
local businesses to make sure the
local currency does what it is supposed to.
This means that traders provide fiat, consumers pay with their digital
currency of choice and the merchant receives his or her preferred
local currency (USD, EUR, GDP, etc.) once the payment is completed.