Not only that, but as the number of merchants who take payment in bitcoin increases, there will be less need to convert your bitcojns to currency at all. Obviously the value of bitcoin will adjust itself to take in to account various fees. Ie. the price of a widget in bitcoins will change to reflect all the fees and conversion costs.
If people start using their bitcoins to pay for things directly in bitcoin, the banks and visa will want a part of the action. They will not want to see transactions bypassing them altogether. You can bet they are already acutely aware of this, and at some point I suspect we will see a big bank roll over and get on board in some way.
I just can't see this fading away, it has too much momentum behind it, and some big money.
- Forums
- ASX - By Stock
- MEJ
- mej prospectus
mej prospectus , page-55
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add MEJ (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online