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Offline blackbeard

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BitUSD to CASH
« on: March 03, 2014, 01:02:05 AM »

Lets say I buy some bitUSD, how can I translate that to cash? Do I have to find a merchant that accepts bitUSD? What if no one sets up shop to accept bitUSD for cash?

Offline toast

Re: BitUSD to CASH
« Reply #1 on: March 03, 2014, 01:04:29 AM »
Short term: bitusd to xts to btc to usd. Bitusd should trade for $ 1 worth of btc, how do you get btc now?

Long term: bitusd to merchant or atm

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Offline luckybit

Re: BitUSD to CASH
« Reply #2 on: March 03, 2014, 03:57:31 AM »
Short term: bitusd to xts to btc to usd. Bitusd should trade for $ 1 worth of btc, how do you get btc now?

Long term: bitusd to merchant or atm

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Start with Overclock.com because they are looking for a way to deal with the Bitcoin volatility. If they accept BitUSD all problems are solved for them.

https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

Offline yellowecho

Re: BitUSD to CASH
« Reply #3 on: March 03, 2014, 05:43:16 AM »
Short term: bitusd to xts to btc to usd. Bitusd should trade for $ 1 worth of btc, how do you get btc now?

Long term: bitusd to merchant or atm

Sent from my SCH-I535 using Tapatalk

Start with Overclock.com because they are looking for a way to deal with the Bitcoin volatility. If they accept BitUSD all problems are solved for them.

Don't they use BitPay?  Isn't that direct convertibility to USD? 
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