These ecomerce extensions will be a big step in attracting merchants to easily involve themselves with accepting bitshares assets without disrupting their backend processing or flow... Something not possible with bitcoin.
Can you please explain what is possible with bitshares that is not possible with bitcoin so the marketers team understands please.
PS: great work. this is awesome
I'm assuming he means that because of Bitcoin volatility, practically accepting it requires the merchant to inject a new third party payment processor into the middle of their existing backend process to handle conversion back to their desired currency in realtime at every transaction.
With bitUSD, the merchant should be able to handle it as they do paper money, accumulating it at their leisure and converting or depositing it elsewhere themselves should they need it in another form.
Yep... Thats the implication of using anything other than bitshares..
Its a real simple integration conceptually which the technology of bitshares coupled with these extensions will employ. Essentially the merchants dont have to add any new currencies or price feeds or conversions outside of fiat.. It will integrate directly into their product catalogues. With bitcoin you had to ass pricing in btc and then people have to translate that back to usd or fiat to imagine the cost implications of their orders... Here you simply pay for things in usd for example and the user is transferred to their wallets to pay via BitUSD which will be an accepted form of payment for USD transactions.. When the user installs this plugin that is what they get built in. Since there is a peg they will always be able to get to fiat a known amount of usd without any volatility risk outside of their fiat.
The roll of any groundbreaking technologies which bts seems to be is that is obfuscates the complexity away from end users.. And makes extending or using the system common sense for an everyday casual user. If people are thinking in terms of fiat for hundreds of years they wont switch to bitcoin or bts overnight so thats why bitusd biteur bitgbp etc is so appealing by hiding a layer of complexity and providing all of the benefits of crypto at the same time.
With bitcoin ur forced to learn about pub priv keys and wallets and have to ensure u follow best practices to avoid being scammed while bitshares does most of the leg work for you... As a merchant i care about the bottom line. Profits.. And the bang for the buck in lesrning bitcoin is not there yet vs the headache of learning it and following compliance laws which may differ from standard forms of money...
With bitshares my wallet is autolocked and unlocked when a command is sent.. Its more secure ootb and i dont have to care about the guts of crypto to enjoy the benefits of using the technology to further mymbottom line... Along teh way as a merchant I learn about interest and i start saving in bts instead of the offramp back to fiat.. Thats the loop we wanna close long term and make ppl switch like a light bulb.. But you have to do it strategically.. The pegs try to offer that
Topic: First ecommerce bitshares cart plugin dev cycle complete (Read 52720 times)
