BitShares Forum

Main => General Discussion => Topic started by: blackbeard on March 03, 2014, 01:02:05 am

Title: BitUSD to CASH
Post by: blackbeard 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?
Title: Re: BitUSD to CASH
Post by: toast 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

Sent from my SCH-I535 using Tapatalk
Title: Re: BitUSD to CASH
Post by: luckybit 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

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.

Title: Re: BitUSD to CASH
Post by: yellowecho 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?