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.comYour three points are right at your place but still in my opinion there should be another type of implementation in the cryptocurrency field , thus it will be possible for us to make Cryptourrency succeeed in real life .
First thing that is the solution of the problem of the confirmation time that we need to wait after the payment , so here for this we need third party platform that just make data in write only form and not the actual transfer of the btc .
And second thing that is fees system , we need universal system of payment where we don't need to pay high fee , here bitcoin is seems that universal but big problem is of the fees system that is really high , that why the reason that we can't pay small amount of the money .
Fir exmaple if you bought a cup of tea and now you have to $0.5 then in that case with the bitcoin payment you will need to pay additional fees of $4- $5 atleast for the confirmation , so here how people will become ready to use such things at lower level .