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« on: September 04, 2014, 09:46:48 pm »
we need to facilitate creation of BitUSD accounts, and bury all of the btsx and crypto related stuff from the user. we need to attract a different type of user.
One segment that should be pursued is merchants.
Payment processors like Bitpay could offer 'no exposure to bitcoin volatility' to their customers. This would serve those merchants who want to accept bitcoin but hate the risk. We just need to find ways to have people store small values of BitUSD for short amount of time. Most merchants don't care about how much btc they have, just the current USD value.
It requires these pathways :
BTC > BitUSD
BitUSD > USD
What are the issues with implementing the BitUSD > USD pathway?