Post
Topic
Board Marketplace
Newbie question on transactions
by
Ericc22
on 08/12/2017, 17:23:59 UTC
Greetings,

I am new to Crypto and blockchain, but fascinated..... Hope I am posting this in the right place.

I have tried making purchases on various blockchains and have done so with BTC or Ether. There is a burden to doing this of course for the average, mainstream customer. I am wondering if there is a reason purchases have to be made in Ether, or if there is a workaround so a blockchain market can allow a ‘customer’ to make a purchase in fiat (dollars).

For example, if there was a market for diamonds, and I wanted to buy a diamond, could I purchase that diamond with my credit card and maintain the integrity of the blockchain? I assume a conversion would get made behind the scene so that miners would get paid. But this lowers the burden to get new customers on board.

I know eg with cryptokitties or cyber punks I need to purchase with Ether. I think that is great as it supports what it seems to be the importance of those purchases happens to be. But if they went mainstream could they - technically - accept fiat?

Sorry for rambling and hope that question makes sense!

Eric