T-Mobile Poland Officially Accepts Bitcoin Top-Ups

Now that's an advantage.

Screenshot https://i.imgur.com/hovKLm9.png

I've noticed some international companies (and T-Mobile especially) use Poland as a testing ground for some interesting new solutions. It's a sufficiently large and developed country to provide a credible test sample, but at the same time insignificant enough (compared to Western Europe or US) to be able to write off any losses (financial or PR) in case of failure.

According to this: http://firma.t-mobile.pl/pl/dla-mediow/informacje-prasowe/-/...

T-Mobile is a patron of startup accelerator in which InPay (the payment provider) took part.

Yes. Whatever Bitcoin pay service the large institution uses usually assumes the volatility risk for a transaction fee and gives the recipient state currency.

Bitcoin is probably not a currency. It is however, a wonderfully efficient payment mechanism. So, when a large institution receives payment via Bitcoin, it's immediately converted into a stable unit of account, such as USD (typically via coinbase or bitpay). Similarly, when a company receives a warrant of payment from an American express customer, they convert that warrant into USD on a 7 day term.

Yep, they convert it all using a payment processor or keep a small percentage, no risk. State currencies are volatile too. Just look at the Euro.

As was mentioned elsewhere, when company ____ is announced that they are "accepting bitcoin", they are never actually accepting bitcoin. A payment processor is accepting bitcoin (and accepting the risk therein) and paying out in the businesses choice of currency.

Consider it similar to when you use a credit card in a foreign country -- you get charged in your currency, they receive payment in theirs.