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Illya Gerasymchuk
Entrepreneur / Engineer

virtually every corporation that accepts Ethereum/Bitcoin for payments doesn't actually process the payment in crypto

virtually every corporation that accepts Ethereum/Bitcoin for payments doesn't actually process the payment in crypto they immediately covert it to USD or another FIAT, and not actually hold the BTC, ETH, etc the convertion is generally done via an intermediary, so the company you're buying never even touch or care about the crypto asset. they want the same government-backed currencies that we use now the intermediary will also generally charge a fee, around ≈1% of the transaction value. so buying directly with crypto is likely to be more expensive than directly with FIAT. if you just sell the crypto for FIAT and pay directly in USD, EUR, etc it will likely be cheaper. so what's the point of paying more? don't be fooled by headlines or articles that suggest otherwise

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