RexSunnyPoop Turtle:
The coins get converted into cash based on the exchange rate in Triple A.. This is what their service — “Enjoy the benefits of digital currency payments without having to hold or convert digital currencies, with zero-volatility and next-day bank settlement.”
Poop TurtleRexSunny:
Meaning the merchant must list the item in crypto price that I can make payment using this. Like that currently very little use for this currently until merchant or service start to accept crypto for their goods or services. Is this the correct? Or got other purposes which I unable to comprehend? It is quite complicated for me to understand. How grab or triple A benefits from this ?
RexSunnyPoop Turtle:
Basically Triple A take care of the all crypto currency transactions. Let’s say you want to top up $100, Triple A Will provide the deposit address and amount in BTC. Once you sent the specified amount they will receive the amount and convert immediately based on the price at that time. Next day for merchants like Grab will get the amount for all transactions done the day before like a bank statement and credit the whole amount to their account. However, as a user you will see the amount $100 in your balance in 20 minutes, soon after the transaction has completed
RexSunny :
Grab pays a commission to Triple A for this service like any other payment processing service. Usually BTC price showing in the Triple A is slightly lower than the other crypto networks amount. Hence they make little bit money from this transaction by getting at lower prices and selling at higher prices like arbitrage.
Poop Turtle : Where the coin is store inside grab wallet or with Triple A
Poop Turtle : Also where can I use this is the question
RexSunny Poop Turtle: The coins get converted into cash based on the exchange rate in Triple A.. This is what their service — “Enjoy the benefits of digital currency payments without having to hold or convert digital currencies, with zero-volatility and next-day bank settlement.”
Poop Turtle RexSunny: Meaning the merchant must list the item in crypto price that I can make payment using this. Like that currently very little use for this currently until merchant or service start to accept crypto for their goods or services. Is this the correct? Or got other purposes which I unable to comprehend? It is quite complicated for me to understand. How grab or triple A benefits from this ?
RexSunny Poop Turtle: Basically Triple A take care of the all crypto currency transactions. Let’s say you want to top up $100, Triple A Will provide the deposit address and amount in BTC. Once you sent the specified amount they will receive the amount and convert immediately based on the price at that time. Next day for merchants like Grab will get the amount for all transactions done the day before like a bank statement and credit the whole amount to their account. However, as a user you will see the amount $100 in your balance in 20 minutes, soon after the transaction has completed
RexSunny : Grab pays a commission to Triple A for this service like any other payment processing service. Usually BTC price showing in the Triple A is slightly lower than the other crypto networks amount. Hence they make little bit money from this transaction by getting at lower prices and selling at higher prices like arbitrage.
Poop Turtle : Thx
ericlaiys Poop Turtle: it is act as one of the payment to buy token. same like luno. not grab hold bitcoin
Mr Durian : Wow. Maybe not a very good idea ya