ProtonMail has no Intention of Converting Bitcoin Payments to Fiat
Numerous companies have accepted Bitcoin payments over the years. Some companies tend to hold on to those proceeds, whereas others convert them to fiat currency as quickly as possible.
It is not uncommon for companies handling cryptocurrency payments to convert them to fiat currency on the fly.
ProtonMail Continues to Fight the Good Fight
In fact, it is a business model most Bticoin payment processors pride themselves upon.
That being said, every individual company can make the decision to simply hold their BTC payments for longer periods of time.
This applies especially to companies that believe the value per Bitcoin will continue to rise as more time progresses.
Not every firm can stomach the volatility of cryptocurrencies, however, which is only understandable. They too have bills and employees to pay every month.
ProtonMail is one of the few companies openly confirming it is not converting BTC to fiat currency.
No worries, we will HODL for you (we actually don't sell our BTC and haven't for years).
— ProtonMail (@ProtonMail) November 16, 2019
More specifically, ProtonMail claims it hasn’t done so for years, despite the Bitcoin price setting new highs in the process.
That also means the company hasn’t turned its back on cryptocurrencies during the crypto winter of 2018 and early 2019.
It is rather interesting to see this company be so outspoken about its Bitcoin handling procedures
ProtonMail is a firm that has stuck with Bitcoin for quite some time now, and is seemingly intent on maintaining this approach as long as possible.
This payment method also makes sense for users of the ProtonMail service.
Anyone who wants a privacy-oriented email account should pay with a solution that offers them at least some pseudonymity along the way.
Image(s): Shutterstock.com
The post ProtonMail has no Intention of Converting Bitcoin Payments to Fiat appeared first on The Merkle Hash.
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JP Buntinx, Khareem Sudlow