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RE: Burger to Accept Bitcoin payments

in #bitcoin7 years ago

Wow, that's pretty cool! I'm just wondering though; since Bitcoin's value is always changing (as are a lot of cryptocurrencies), how or what would they use to track and convert the current value of Bitcoin into Ruble equivalent to the cost of BK items. I have not used cryptocurrency to pay for any goods yet so I'm just really curious of the whole transaction, especially since I wouldn't want to accidentally pay more than the actual cost of the good just based on the timing of the purchase. Anyone have any insight?

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It will most likely be a volatile price, so you pay whatever the equivalent bitcoin would be against the Ruble value of the meal. the bigger concern here is the transaction fees you pay on top of every bitcoin transaction and how they will validate a transaction has gone through as a bitcoin transaction can take anything from a few minutes to a few hours to process. They are either waiting that SegWit improves these speeds before they start accepting bitcoin or they going to make customers wait until they've received the money. lol