How do we handle Bitcoin volatility to pay bills?

We've accepted Bitcoin for our room stays and then seen Bitcoin dip 5% in the following weeks, and then, boom...bills are due.

We use a wallet that allows us to accept Bitcoin as stablesats which uses derivative contracts to hold the value against the USD. We then use those "stablesats" to pay bills with Bitcoin using an ecommerce platform.

We then pay our employees and buy supplies at Bitcoin friendly businesses. Finally, IF there is anything left over we will move some stablesats over to Bitcoin for emergency funds, not long term HODLing since right now everything is the red as we create this new industry on the Bitcoin standard.

It's possible, work on the world you wish to see.

Reply to this note

Please Login to reply.

Discussion

No replies yet.