Why don’t Pakistani online businesses accept Bitcoin payments?

Asked Oct 9, 2014· 1 answer ·Asia, Bitcoin, Indian Subcontinent, Pakistan, Pakistani Rupee
Faisal KhanAnswered Oct 9, 2014
Assuming they do, so how do you solve the following issue:

  • Where will your Buyers get/obtain Bitcoins from easily to spend on a local business?
  • How will the business that has just accepted Bitcoins, cash them out to local Rupees? Who is proving the liquidity for USD-Rs? with an average size split of 2.0% on FX, this will result in probably a 5% transaction cost.

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Crypto PaymentsCrypto-to-Fiat ConversionCrypto Payment ProcessorsFiat Off-Ramps AsiaBitcoinIndian SubcontinentPakistanPakistani Rupee
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