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RE: And they say there is no real-world use cases for crypto...
How significant do you think the savings are from transacting in crypto when you add conversion fees, as compared to going through traditional merchant processors with fiat?
I don't have any specific numbers except when you add in the fraud department that traditional credit cards require, I would say... at least a tremendous amount.
Now if Overstock didn't automatically convert purchases in crypto to fiat when settling the transaction, those savings would be much larger. Why do they not? Tax reasons?
Perhaps, but they cant buy everything in crypto just yet, and yes also taxes likely are a significant reason.