It’s similar to how when I travel overseas, I have local currency in my account & that gets converted to local currency through an intermediary as I pay.
The intermediary usually charges a small fee. I only see local currency exit my account, and the seller only sees their local currency enter theirs.
It’s similar to how when I travel overseas, I have local currency in my account & that gets converted to local currency through an intermediary as I pay.
The intermediary usually charges a small fee. I only see local currency exit my account, and the seller only sees their local currency enter theirs.