I assume it uses up BTC to the value of the $ amount at coinbase exchange rates. Whether that is the best exchange rate or not is debatable but it probably the only way for them to be sure they dont take a hit due to volatility.
Of course there could be some saving to the user as otherwise they may need to sell coins (paying fees to do so) then withdraw, again paying a further fee. So this is an immediate way to spend BTC with a merchant that does not accept BTC.
This would be very useful for people who use bitwage to get paid in BTC.
Of course there could be some saving to the user as otherwise they may need to sell coins (paying fees to do so) then withdraw, again paying a further fee. So this is an immediate way to spend BTC with a merchant that does not accept BTC.
This would be very useful for people who use bitwage to get paid in BTC.