I may have missed it, but who handles the exchange from cyrpto to fiat for paybase merchants. Like now, coinbase handles converting BTC into fiat for overstock.com etc. at time of purchase. I mean, amazon is'nt going to except actual paycoin.... someone's converting for them to cash'ola lol
Think of it like this. Amazon knows nothing about you, what you are buying or paycoin. You are simply telling gaw you want something from amazon. They have your paycoin in their account, so they convert it to fiat on their site and then make the purchase with fiat using their amazon account. They will have the order shipped to you. It's like drop shipping almost. The only thing bad is you lose almost all the benefits of Amazon and gaw can f*ck up your purchase in a countless number of ways. You have to deal with gaw for all customer support, returns, etc. I don't think ANYONE is that stupid actually now that I think about it.
k, so basically gaw is their own cash reserve banker, They actually are the ones paying amazon etc. and deducting that equivalent in paycoin from your wallet, well, they handle the transaction. So no coinbase type 3rd intermediate party assuming all the risk, just good old gaw only. Interesting. thx
