What are you thoughts on the reverse option such as www.plutus.it ?
Plutus doesn't need any further equipment other than an app that the user has on his/her mobile device. It simply transfers your BTC or ETH to plutons and then in to fiat currency anywhere in the world by NFC card readers, all instantaneously.
Would this be easier from a customers POV as it requires no merchants to "get on board"?
Overall, great article @kencode, looking forward to hearing your reply
NFC is cool, but I think it limits your purchases to under 50 bucks or something like that. The BlockPay "S" app, and BlockPay Integrated support every major cryptocurrency (BTC, Steem, Dash, bitUSD, bitEUR, bitCNY, Doge, LTC, etc) and is not limited by transaction sizes.. buying a cart full of groceries, a new car, tank full of gas, or dinner for two for example.
Block times are 3 seconds or less and the Graphene blockchain itself has already proven over 100,000 transactions per second which is more than visa and mc combined.
I did a quick vid of it: https://steemit.com/crypto-news/@kencode/blockpay-demo-with-smartcoins-wallet
Merchants can issue Loyalty Points and eReceipts with every transaction if they like, and cash out to their fiat currency of choice.
Now that we are integrating BlockPay via OEM and in retail/grocery/restaurant/vending/petrol chains, this enables any merchant (NFC or QR codes) to accept one or more cryptocurrencies at zero cost. Our mobile apps and ERP modules are all in 44 languages too, so it has made rollouts worldwide very simple.
We also do not require the customer/user to have a special cryptocurrency wallet installed since BlockPay supports them all. Just use Mycelium, or Jaxx, or Dash Wallet or whatever wallet you like best at any BlockPay merchant.
BlockPay also runs on top of the Bitshares Dex, so you never have to worry about an exchange getting hacked or someone stealing your keys. Bitshares users get to keep their keys. For a merchant to come online with BlockPay, all they have to do is import the free module for their point of sale system.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks for your reply kencode, all questions answered!
I just feel personally that you have to put the power in the hands of the customer to ultimately drive adoption and I think that's where the Plutus app might exceed expectations. They have their own exchange and users earn plutons as loyalty rewards. That combined with zero tx fees and instant confirmations is also pretty cool.
I'm not knocking Blockpay, I'm a long term deep bitshares holder. Just adding to the discussion!
Plutus.it in action:
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit