#1621 - Q&A: Can I get paid in Bitcoin without converting to dollars?
Side Hustle School
Chris Guillebeau
4.7 • 3.3K Ratings
🗓️ 9 June 2021
⏱️ ? minutes
🧾️ Download transcript
Summary
PayPal allows you to accept cryptocurrency payments, but then converts those payments into fiat currency (like dollars or pounds). Is there a way to take payments with no conversion?
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Side Hustle School features a new episode EVERY DAY, featuring detailed case studies of people who earn extra money without quitting their job. This year, the show includes free guided lessons and listener Q&A several days each week.
Show notes: SideHustleSchool.com
Email: team@sidehustleschool.com
Be on the show: SideHustleSchool.com/questions
Connect on Instagram: @193countries
Visit Chris's main site: ChrisGuillebeau.com
Read A Year of Mental Health: yearofmentalhealth.com
If you're enjoying the show, please pass it along! It's free and has been published every single day since January 1, 2017. We're also very grateful for your five-star ratings—it shows that people are listening and looking forward to new episodes. 😎 🙏🏼
Hosted on Acast. See acast.com/privacy for more information.
Transcript
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| 0:00.0 | If I asked you to switch your money on, what would you think it means? |
| 0:08.0 | Well, with Hargreaves lands down it means investing your money. |
| 0:12.0 | It means making your money work harder for you. |
| 0:16.0 | It means investing for a better future, whatever the future holds. |
| 0:21.0 | Switch your money on with Hargreaves lands down. |
| 0:25.0 | Investments rise in falling value so you could get back less than you put in. |
| 0:35.0 | Have you heard the story about the first purchase ever made with Bitcoin? |
| 0:39.0 | This is a crazy story. It was in 2010 when Laszlo Hanyex paid 10,000 bitcoins for two large pizzas. |
| 0:48.0 | 10,000 bitcoins to delicious large pizzas. |
| 0:52.0 | Today's exchange rate is $540 million. |
| 0:57.0 | It may be $1 billion tomorrow. It may be $0 tomorrow. |
| 0:59.0 | Who knows? It's very volatile currency. |
| 1:02.0 | But $540 million, 10,000 bitcoins. |
| 1:05.0 | That was the first transaction at the time. It wasn't worth much of anything. |
| 1:10.0 | It was worth about $25 or $30. Good price for two large pizzas. |
| 1:15.0 | Today's listener question is pretty simple. |
| 1:18.0 | He's not wondering about how to make $540 million. |
| 1:23.0 | He's wondering about how to get paid in Bitcoin for your product or service. |
| 1:28.0 | On that story, the 10,000 bitcoins in 2010, |
| 1:33.0 | this has been repeated in lots of different ways. |
| 1:37.0 | This guy threw away so much money. |
| 1:40.0 | If only he hadn't done that, imagine what his life would be like. |
... |
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