0 sats \ 1 reply \ @Bitcoiner1 24 May \ on: Bitcoin accepted! New Merchant: Kawamba Barđź“ŤEl Puertillo, Gran Canaria, Spain bitcoin
Great to see more places where we can go to have a good food and pay with BTC.
Just wandering if you know what's the plan for the BTC received? Are they planning to hodl or do they want to avoid the "volatility" and exchange it for EUR?
Thanks
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0 sats \ 0 replies \ @OPAGO_PAY OP 24 May
Currently, most of our merchants hold Bitcoin within their businesses. However, we also have some potential customers, such as a gas station, that would like to accept Bitcoin but prefer to have Euros in their cash registers.
We are implementing Euro off-ramping in the coming weeks, allowing merchants to decide whether they want to receive Bitcoin or Euros. Although we generally find it unfortunate when Bitcoin is converted back to Fiat, we understand that it makes sense for certain businesses.
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