one person jumping up and saying: When will you be non farm payroll forex strategy using bitcoin? B2B is a traditional business B2B business owners have a lot to deal with. Sepa payments in EUR to 26 countries. Now add to this the illiquid Bitcoin market it becomes very very hard to convert EUR to BTC to USD. Once we see this technology being used more widely, we will see B2B players looking at this as an alternative. EBAN One of the problems with KYC processes is that it has to be replicated which is costly and a business pain point that slows down the onboarding process.
In 2016, most bank executives realized Fintechs current and potential capacity to disrupt traditional banking. But.9 of business still need to deal in real currency using bank accounts, which means they need to pay from a bank account and the money needs to end up in another bank account. Download the, trastra Mobile App, save time and manage your finances on the. When dealing with multiple bitcoin exchanges located in multiple currencies, the transactions are also similar to traditional banks where exchanges have a way to talk to each other and perform transactions according to the local market prices of the fiat currency being exchanged. By the time you have done this conversion the market price could have moved making a huge loss for you or our customer. For higher amounts with credits cards, fees are often around 2-3. It will be a long time before businesses trust alternate currencies.