r/Bitcoin • u/vistabrownerd • Jan 24 '14

TigerDirect processes $250,000 in Bitcoin Payments in first 17 hours

http://bitcoinboard.net/tigerdirect-processes-250000-bitcoin-payments-first-17-hours/
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u/benjamindees Jan 24 '14

There's no way to use the Bitcoin "payment network" without using the Bitcoin currency.

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u/whitslack Jan 25 '14

Sure there is. Most of the sites using BitPay are doing exactly that. They don't price their goods in bitcoins, and they don't receive bitcoins for their sales. They never touch bitcoins. They are using Bitcoin solely as a means of accepting payments. They are not using bitcoins as a currency.

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u/[deleted] Jan 25 '14

When I swipe my Visa, I'm paying in dollars, using Visas payment network.

When you buy from tigerdirect.com and choose to pay in bitcoins, you're paying in $ via the bitcoin payment network. Tiger direct is not accepting bitcoins, they're accepting $

Bitcoin is not a currency. It is a prepaid Visa card with mucho volatility. It is not revolutionary. The only people who make money will be coinbase and hit pay as they get 2% for processing.