Numerous companies have accepted Bitcoin payments over the years. Some companies tend to hold on to those proceeds, whereas others convert them to fiat currency as quickly as possible.
It is not uncommon for companies handling cryptocurrency payments to convert them to fiat currency on the fly.
In fact, it is a business model most Bticoin payment processors pride themselves upon.
That being said, every individual company can make the decision to simply hold their BTC payments for longer periods of time.
This applies especially to companies that believe the value per Bitcoin will continue to rise as more time progresses.
Not every firm can stomach the volatility of cryptocurrencies, however, which is only understandable. They too have bills and employees to pay every month.
ProtonMail is one of the few companies openly confirming it is not converting BTC to fiat currency.
More specifically, ProtonMail claims it hasn’t done so for years, despite the Bitcoin price setting new highs in the process.
That also means the company hasn’t turned its back on cryptocurrencies during the crypto winter of 2018 and early 2019.
It is rather interesting to see this company be so outspoken about its Bitcoin handling procedures
ProtonMail is a firm that has stuck with Bitcoin for quite some time now, and is seemingly intent on maintaining this approach as long as possible.
This payment method also makes sense for users of the ProtonMail service.
Anyone who wants a privacy-oriented email account should pay with a solution that offers them at least some pseudonymity along the way.
Bitwise Asset Management has just made its first move into tokenized funds, and it comes…
Binance just made a move that blurs the line between crypto exchange and traditional brokerage…
NEAR Protocol has had a month that most blockchain projects would stretch across an entire…
Something is becoming increasingly clear about Chainlink, the integrations are not slowing down. The protocol…
Blockchain investigator ZachXBT has flagged a major stablecoin freeze that is sending shockwaves through the…
From a primarily interest rate swap niche product, Exponent has developed into an onchain capital…