[andreyf]

Still don't see why they can't just accept bitcoin. Buying BTC via credit card is trivial via Coinbase (and they won't ban customers), and while they won't get 100%, they're much more likely to get quite a bit more than 0.1% even if BTC is the only payment option.

[robhu]

If it is provable that Coinbase is being used as a means of bypassing VISA et al's restrictions on sites like FetLife, what is stop VISA et al doing the same to Coinbase?

[problems]

You can already proxy around the CC companies in all too many ways. Buy gift cards, cash cards, heck, prepaid VISA cards for example.

They're not going to bother going after this kind of thing, they'd lose money over it. It doesn't make sense from a financial perspective.

[robhu]

Ah. It turns out FetLife were also banned from Coinbase because Coinbase doesn't want to be cut off as a result.

[andreyf]

But that's the great thing about BTC... all you need to accept them is a computer, and all you need to know when you got some is an ISP.

[timmaah]

Do you think their lawyers and staff want to get paid in BTC?

[modeless]

They wouldn't have to. There are at least 18 other bitcoin exchanges they could use: https://data.bitcoinity.org/markets/exchanges/USD/30d