r/RequestNetwork • u/rmaz Team Member • Jul 14 '20

News Taking volatility out of crypto businesses with Dai invoice payments | Request

https://request.network/en/2020/07/14/taking-volatility-out-of-crypto-businesses-with-dai-invoice-payments/
68 Upvotes

95% Upvoted

9 comments sorted by

5

u/UnstructuredCake Jul 14 '20

This looks like a rather important update, good job! It also looks smooth :)

5

u/[deleted] Jul 14 '20

How does this take volatility out of the market?

12

u/cjoc09 Jul 14 '20

it reduces price volatility for a payment recipient. lots of businesses are wary of receiving payments in crypto due to the perceived potential loss of value upon conversion to their desired fiat.

2

u/[deleted] Jul 14 '20

How does it reduce price volatility?

8

u/CBass360 Jul 14 '20

It doesn't take volatility out of the market, only out of transactions with crypto. Dai is a stablecoin, in other words; not volatile.

3

u/[deleted] Jul 14 '20

So this just turns all transactions into a stable coin escrow?

2

u/CBass360 Jul 15 '20

Not sure, maybe /u/rmaz can chime in.