The common thread is coinbase creating a low-friction opportunity for merchants to accept another form of payment, but to be paid in - most likely - USD as far as they are concerned.
This does nothing to disperse bitcoin into many little places. In other words, accepting bitcoin by online merchants everywhere doesn't make many people want to go trade fiat for a volatile currency with all the inconveniences inherent. You need a frictionless means and stimulus for many swathes of people and organizations to accept and hold BC instead of wanting fiat conversions immediately.
"We take Discover/American Express etc." only really got so far to help with consumer adoption of those networks. This keeps coming around to a currency without a country is a PITA.
What are return policies around goods bought with BC? Do you get BC back or fiat? Do you get spot prices at time of return request, etc?
This does nothing to disperse bitcoin into many little places. In other words, accepting bitcoin by online merchants everywhere doesn't make many people want to go trade fiat for a volatile currency with all the inconveniences inherent. You need a frictionless means and stimulus for many swathes of people and organizations to accept and hold BC instead of wanting fiat conversions immediately.
"We take Discover/American Express etc." only really got so far to help with consumer adoption of those networks. This keeps coming around to a currency without a country is a PITA.
What are return policies around goods bought with BC? Do you get BC back or fiat? Do you get spot prices at time of return request, etc?