Post
Topic
Board Economics
Re: Making crypto succeed in the real world?
by
boboking
on 05/05/2018, 03:03:59 UTC
Hi, I would love to hear your input on this.

As I see it, we need crypto wallets installed on every phone possible to ensure the readiness of everyday payment with crypto assets. Once customers are ready to pay, the stores will follow.

At least three things needs to happen:

1) Adoption of crypto wallets needs to increase (preferable with pre-funded assets)
2) Each wallet provider needs to agree on a standard protocol for payment (Maybe Payment Request API (W3))?
3) Store owners need a merchant app to receive payment with further integration into multiple accounting systems.

Have you seen anyone doing this?
Do we need a wallet alliance that can stipulate a standard?
What else needs to happen besides regulation?

Best crypto greetings,
Vindberg
https://validators.com
Those are not bad ideas but I do not think it's going to work for several reasons, first of all you want cryptocurrency wallets installed in every single phone, but if my phone came with an application like that and I didn't use cryptocurrencies I'll just uninstall it, second we do not need adoption of crypto wallets we need adoption of cryptocurrencies, if I am not holding cryptocurrency I do not need a wallet, and for your second and third point I do not think that is really necessary.

Yes I agree, this type of ideology may work in a perfect world but in the real world this is not going to happen.

For the questions- ICO have been doing this, they are trying to create wallets for their own coin. I have a lot of coins from bounties that have their own wallet.
Wallet alliance - I do not think that will work, but if you mean wallet that support multiple coins, I am using Jaxx and it supports multiple coins.
for the third question - I do not think it is going to ever happen.