Today I had a really good talk with a Payment Service Provider in The Netherlands about Payments and Crypto. They have a patented wireless payment system for Europe with a strong customer base in The Netherlands and they are in possession of a Bank License. We discussed if it would be possible to integrate crypto currencies payments in our app, next to our Retailcoins Loyalty program. Enabling not only crypto-payments inside our Retail apps but also fiat-payments, would be in my opinion a nice feature, especially if it's possible to split the payment between a bit of crypto and a bit of fiat payments. Recently I received some questions from a local retailer if it's possible to integrate our Dutch crypto payment: NLG
https://gulden.com/ but up to now it has only been one retailer.
May I ask your opinion? What do you think of integrating crypto payments combined with crypto loyalty? Would you like to be able to use crypto for payments at phsyical stores?
Hugo,
Thanks again for updating! I think that there's a fine line between ensuring the value of a crypto, and the volatility we've seen in the space since inception. As I would like to be able to walk into a store and use crypto to buy goods, I also would wonder (similarly) if I took an share of Apple and tried to buy groceries with it, if I would be able to. The more people see cryptocurrency as a store of value, the more difficult it may become to encourage people to use it for micro-transactions. However, having a fiat option would, IMO, be a much better angle for your purpose.
Thank you for your feedback! I agree it's not convenient to make payments with bitcoins, and it's much to expensive. At the same time, if we can find a currency that is usable, it would provide more trust towards making crypto a valid payment options. And at the same time I can definitely understand your point. Let's move forward with the fiat option first, as adding crypto later isn't the biggest technical challenge!