2
I mean, if a pizza costs $25 and a BTC is $500, the pizza store should be announcing a pizza for 0.05 BTC. However, if tomorrow the USD value of a BTC doubles or halves, that announced price for the pizza is no longer adequate.
How do merchants balance this?
3
Until Bitcoin stabilizes sufficiently, prices will be listed in local currency and be payable in an equivalent amount of Bitcoin, or if prices will be listed in Bitcoin, this price will have to be constantly updated.
I.e. price would be listed in USD and the amount of XBT due would be calculated just before the bill.
3
There are new merchant tools available like Bitpay which basically convert bitcoins to USD onspot at the current price. It prevents merchants from taking any risk and it locks down the price for 15 minutes.
1
You could use coinbase merchant tools.
1
Merchants can ask their customers to pay in bitcoins according to the USD value. Example = if pizza cost $20, which is 0.10 btc something. And bitcoins prices get increased double.Then the pizza store can ask customers to pay the amount equivalent to USD.
