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Net54baseball.com Forums - View Single Post - Crypto in Ahs?
Thread: Crypto in Ahs?
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  #23  
Old 06-20-2022, 11:43 PM
BobC BobC is offline
Bob C.
 
Join Date: Apr 2009
Location: Ohio
Posts: 3,279
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Quote:
Originally Posted by Jobu View Post
Given how quickly the price of crypto fluctuates, I am surprised that an AH would risk it.

AH: Sends invoice on Friday.
Customer: Pays on Sunday using crypto.
Monday: AH shows up to work, the coin is down 11% from the day before.

So the AH just takes the loss? It seems like it would be a challenge to always be able to immediately convert a crypto payment, but I am not experienced in the ways of crypto and maybe the AHs that take it have a 24-hour alert set up so they never miss it the second one of those payments comes in.
And I would assume/hope that loss doesn't get passed through to the seller/consignors. Unless they actually asked to be paid in crypto.
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