I wanted to create a business that accepts cryptos as payments.
I heard about allt hose cryptos and have been mining some some years ago, now I wanted to get some with a business
I sell a service. So basically, you go on a website, you pay some cryptos, and you have access to the service
I prepared it all, and now I just tested a common coin paying service, accepting 50 different coins.
I try it with bitcoin...I see 10 to 45 minutes wait between the payment and the confirmation ? WTH
Same with other coins
I thought those super techy currencies were convenient, fast... but they are slow as hell and this is freaking 2018, we shouldn't have to wait 15 mins to pay for a service
TLDR - All crypto is shit for this simple reason : 15 to 45 minutes wait for a simple payment, enjoy your bubble burst retards
Are there solutions for faster crypto payments - or is it shitty everywhere ?
Cryptos are better than wire transfers but not instant payments.
Aiden Bennett
BCH 0-conf is reliable at the moment
Sebastian White
If it were like 1 to 2 minutes - I would not complain
But seriously, 15 minutes ?
It s not even remotely convenient
How can you accept it in a physical store for example
"Sorry sir, I know you just paid but you ll have to wait 15 to 45 minutes so I get my confirmation"
Besides, this is when people have chosen their product, so they are more willing to wait
I sell my service AFTER the payment. So very few people would wait on their computer, 80% at least would say "fuck it" and leave
Ayden Mitchell
use XDAG - max 3min XDAG is new DAG based cryptocurrency payment system It can process thousands of transactionsctions per second with infinite scaling
Christopher Miller
Is your service cheap and are you able to service large amounts of people in short time? Then just don't wait for confirmations. 99% of customers will not plan to scam you.
Elijah Lopez
Only case where the wait is not a problem : for online orders of physical goods, where there is time to wait anyway
But that s only a part of the internet, a huge part relies on almost instant payments
I was dubious about cryptos but now i just know that it will fail
Thanks for sharing fast cryptos, BCH is proposed in the payment, XDAG is not, but anyway the customer will decide what he will use I can t force him to use this or that crypto
David Lewis
Actually a good solution... thanks
I will wait for the verification and freeze the account if it does not work
Oliver Peterson
just move from a payment service provider to accepting crypto directly. Most BCH wallets support 0-conf now so you can see it in real time without waiting for a confirmation.
Leo Harris
This is a good solution
I just fear that this will have a huge impact on the cost of the website - I have a freelancer willing to make it for 550$ with the payment API - really easy to use,
If I have to ask him to code acceptance and verification of each currency this will be an added workload
But if the website begins to be profitable I may switch to exactly what you propose, and that might be just great
Nathan Harris
Install WordPress and a theme. Install woocommerce,and choose something like bitpay for a plugin to accept crypto. Done.
Cameron Watson
you have to wait for LN to make this work like a cc.
Elijah Stewart
this. until then, you're probably safe accepting bitcoin with 1 conf and eth with a few, but with the shitcoins you should be careful. if your service is cheap enough it probably won't be worth it for people to fuck you over anyway.
Juan Green
>Same with other coins try LTC, DOGE, VIA, DGB
Asher Fisher
Use 0xBTC
On Ethereum chain so very fast Good store of value Rapidly increasing userbase
Jace Rogers
t. bagholder
Tyler Murphy
Use the arkcommerce plugin arkcommerce.net ARK
Jayden Allen
I bought a lot of physical goods with ether when it was peaking with bitcoin and it went perfectly and was even easier than typing in a debit card. And if you want to buy gold or silver with it there is no tax ;)
Find out how newegg works, i have never had problems paying with btc and all of my orders go through within a couple of minutes.
Aiden Martin
>And if you want to buy gold or silver with it there is no tax ;) Where can you then sell this gold/silver though? My local coin shops pay 20% below spot. Are online stores like JMB anonymous, or do they file with various agencies?
Ethereum will have trustless 2nd layer scaling with full smart contract functionality and practically instant finality within a couple of months, so don't despair, submarine critiquer pedo calling man.
Plasma is also somewhat promising, but I doubt it will be implemented until after Casper is live, which can be delayed until sometime in 2019 because it seems they might be merging the Casper update with sharding. They keep revising as they figure out new configurations that are better in various ways.