In what way is this different from any other retailer allowing me to pay in EUR, GBP, HKD or whatever while the only currency they manage is USD?
The vast majority of companies only manage a single currency and have the payment processor or the bank make the conversion (and take the risk).
So in what way is it different than if they were accepting EUR?
For a business to accept and truly manage multiple currencies, it needs to have a complex infrastructure, with an accounting system that allows for mutlicurrency management. On top of that, it has to manage the risk of fluctuating exchange rates between currencies.
I guess that unless their own suppliers start accepting bitcoins (or EUR or CNY, etc), it doesn't make sense for most companies to manage that risk.
The important point here, is that if I have bitcoins, I can use them to pay for tangibles from a well-known retailer.
Whether they go with Coinbase, VISA or Mastercard or Paypal to process their payment and get USD instead of BTC, EUR, JPY isn't really a disavowal of bitcoin.
The vast majority of companies only manage a single currency and have the payment processor or the bank make the conversion (and take the risk).
So in what way is it different than if they were accepting EUR?
For a business to accept and truly manage multiple currencies, it needs to have a complex infrastructure, with an accounting system that allows for mutlicurrency management. On top of that, it has to manage the risk of fluctuating exchange rates between currencies.
I guess that unless their own suppliers start accepting bitcoins (or EUR or CNY, etc), it doesn't make sense for most companies to manage that risk.
The important point here, is that if I have bitcoins, I can use them to pay for tangibles from a well-known retailer.
Whether they go with Coinbase, VISA or Mastercard or Paypal to process their payment and get USD instead of BTC, EUR, JPY isn't really a disavowal of bitcoin.