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Re: Newbie question on transactions
by
Mister1k
on 08/12/2017, 17:36:48 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

I understand that you want to buy some ethereum with the fiat cash. If I am right you have to go to the sites like localbitcoins that will give a way to buy the ethereum or bitcoins with the Fiat cash.

You will find the better profit for the amount you are exchanging there. Normally LBC traders give high price than you find the preev or Google price chart.