Global Kava Exports
Kava Vendor
Not a bad idea, we looked into it years ago for a different business when Bitcoin was just starting up but we decided not to go ahead with it. Suffice to say, we really regret that decision now...
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Global Kava Exports
Kava Vendor
DO IT FOR THE THRILL MAN!!!!
Global Kava Exports
Kava Vendor
THE SEXUAL THRILL!
SomeCoolGuy
Newbie
That only matters if you're trying to invest in Bitcoin. For people who want to actually use bitcoin, it's just a transport mechanism.
Euros -> Bitcoin (me) -> Bitcoin (you) -> Pounds/Dollars/whatever
It doesn't matter if the price drops from $300 to $400 in a day because the whole round trip transaction is done in under an hour.
@SomeCoolGuy true, but your vendor is left holding the bitcoin that may be worth far less (or for that matter, far more) than the cost of the item that was sold. If the vendor stays with bitcoin only I don't see a problem, but if they're withdrawing bitcoin to USD or other currencies after he/she receives the coin then you're at the mercy of the market value.
Honestly, at the moment, using bitcoin is similar to using actual gold as a currency. Some days your same 1g of gold will buy more, or some days it will buy less. Similarly .20 BTC would be worth $224.08 a year ago where it's worth about $75 today.
Don't get me wrong though, I absolutely love bitcoin and the concept behind it, but for a small business it may not be the smartest move until the prices level out with more stability (If it's being converted to USD).
Also I am far from an authority on bitcoin, so if I'm thinking incorrectly here, let me know.
Honestly, at the moment, using bitcoin is similar to using actual gold as a currency. Some days your same 1g of gold will buy more, or some days it will buy less. Similarly .20 BTC would be worth $224.08 a year ago where it's worth about $75 today.
Agreed, but most vendors keep thier BTC in their wallet, and probably wouldn't withdraw straight to cash immediately.
Don't get me wrong though, I absolutely love bitcoin and the concept behind it, but for a small business it may not be the smartest move until the prices level out with more stability (If it's being converted to USD).
Also I am far from an authority on bitcoin, so if I'm thinking incorrectly here, let me know.
SomeCoolGuy
Newbie
Nah, most merchants use something like bitpay.com or litepaid.com
https://support.bitpay.com/hc/en-us/articles/201890513
" Settlement begins instantly, so you never need to hold bitcoin when accepting payments."
Essentially, the customer sends their bitcoins to a 3rd party and then this 3rd party sends the merchant an instant bank transfer in Eurors or whatever. It's like paypal except anonymous for the customer and free for the merchant.
Other compaines like https://www.litepaid.com/ do more stuff but also charge 25 cents per transaction.
If you were going to build your own bitcoin payment system and then for some reason only convert between bitcoin and Euros once a week then obviously the price would matter. But most companies convert instantly. Bitcoin isn't really a fringe thing anymore now that companies like Newegg and Subway are accepting it.
Global Kava Exports
Kava Vendor
We have applied to accept Bitcoin 
keeron
Kava Enthusiast
On Your record that you have bought kava ??
Why not ?? Is it illegal where you live ??
Capitán Bastos
Presanteur
Will you offer a Hawaiian sample pack any time soon?
Schlang
Kava Curious
Thank you for the info. It should not be necessary to visit a forum to find out the email address of a supplier though.