> They just sell crypto on behalf of the merchant and send them the actual money.
Did I misunderstand? If so, my bad.
[edit] BitPay is actually fascinating because they publish their merchant breakdown, or at least they used to. It's overwhelmingly all prepaid gift cards, "internet" and VPN. And the share has shifted more and more towards prepaid gift cards. [1]
> They just sell crypto on behalf of the merchant and send them the actual money.
Did I misunderstand? If so, my bad.
[edit] BitPay is actually fascinating because they publish their merchant breakdown, or at least they used to. It's overwhelmingly all prepaid gift cards, "internet" and VPN. And the share has shifted more and more towards prepaid gift cards. [1]
[1] https://www.statista.com/statistics/1142527/bitpay-payments-...