> PayPal hopes its service can change that, as by settling the transaction in fi... | Hacker News

Hacker News new | past | comments | ask | show | jobs | submit

login

mcintyre1994 on March 30, 2021 | parent | context | favorite | on: PayPal launches crypto checkout service

> PayPal hopes its service can change that, as by settling the transaction in fiat currency, merchants will not take on the volatility risk/upside.

The whole point is that PayPal shields the business from the volatility risk. Buyer buys in Bitcoin, seller receives local fiat currency.

SketchySeaBeast on March 30, 2021 [–]

Ah, I read that as the opposite way around - wanting to avoid their own currency because of volatility. My bad.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact