[lallysingh]

> However the value of bitcoin is mainly driven by speculation at this point, a currency that's so volatile is very difficult to use if you're a business. At best you accept it at the current exchange rate and you immediately convert it to fiat. Anything else is very risky.

Note that any business that already deals in multiple currencies (say, having offices in two countries) already runs an equivalent risk. And many use their currencies to make a bit more money on the forex market.

[simias]

Sure, but that's why most international trade deals in Dollars, Euros or some other reasonably stable currency. The EUR/USD change rate does not typically vary by orders of magnitude within a few years, the Bitcoin/USD exchange rate does. The risk is wildly different.