Why don’t Pakistani online businesses accept Bitcoin payments?
Payments
Asked by Question Bot09/Oct/20141 answer
1 Answer
F
Faisal Khan
Answered 09/Oct/2014
Assuming they do, so how do you solve the following issue:
See where the problem lies...
- Where will your Buyers get/obtain Bitcoins from easily to spend on a local business?
- How will the business that has just accepted Bitcoins, cash them out to local Rupees? Who is proving the liquidity for USD-Rs? with an average size split of 2.0% on FX, this will result in probably a 5% transaction cost.
See where the problem lies...