You are viewing a single comment's thread from:

RE: Bitcoin accepted by over 31000 merchants in South Africa

in LeoFinance • 2 days ago

Hi, I have a question that may seem silly.
But how is the price fluctuation adjusted in this system?
Does the product come with a fixed price saying it costs so and so bitcoin? Or Does the merchant allow the customer to pay the price of the product in bitcoin equivalent to the fiat price?

I hope the question made sense. 😅

2 days ago in LeoFinance by
$0.00
    Reply 2
    Sort:  
  • Trending
    • [-]
     yesterday  

    Hi there, that's a good question and my understanding is that the product has a fixed price in fiat, and one just pays that fiat amount in Bitcoin equivalent on the day.

    $0.00
      Reply
      [-]
       yesterday  

      Hmmm, very interesting. I mean the level of system that is at work is awesome.

      $0.00
        Reply