This is a joke. Everyone in the bitcoin community and even in the civilized world believes that the value of bitcoin is going to go up over time.
If they are handling bitcoins then they will be making and losing their daily bread on those obscure forex spreads. The point of using a payment processor is that you don't want to accept bitcoins without a support network and hold them over time by yourself. If that's all you wanted to do, you would use the Satoshi wallet and write some RPC-JSON hooks.
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They don't want to. Coinbase is in the business of payment processing, not speculating on obscure forex spreads.
This is a joke. Everyone in the bitcoin community and even in the civilized world believes that the value of bitcoin is going to go up over time.
If they are handling bitcoins then they will be making and losing their daily bread on those obscure forex spreads. The point of using a payment processor is that you don't want to accept bitcoins without a support network and hold them over time by yourself. If that's all you wanted to do, you would use the Satoshi wallet and write some RPC-JSON hooks.
And McDonalds is in the business of real estate, not making burgers.
All I'm saying is that just because they do something day in and day out doesn't make that their business.
To be honest I think doing this to get BTC to sell is a great business model if they trust the price to climb.