Quote from: smartsofficial on August 24, 2018, 08:30:07 PM

Quote from: maitseasi on August 24, 2018, 08:13:45 PM

Quote from: smartsofficial on August 24, 2018, 07:46:36 PM

And to answer 'maitseasi', the Tokens will can be used if you want to set up a Vendor account (store owner and want to use Smarts) or a customer using the app - the SMTs can be used to cover crypto transaction fees, so your purchases will be cheaper than it says on the price tag.

How can price be lower then on pricetag? Only with crypto?

Very good question. Since the platform is free to use for the end-user, all expenses will be covered by the vendor. So, when a vendor accepts cryptocurrency, they will also cover the transaction fees. But, if you have SMT's, you can use them to cover the transaction fees yourself and so, your purchase will be cheaper.

Quote from: dzkrb1966 on August 24, 2018, 07:15:29 PM

So you write that by going to the store, using a smartphone, a barcode on the product and your platform, you can pay for the goods of crypto. Will these be special stores? All stores want Fiat.

Thats a solid point there, dzkrb1966.

This is how the payments will work:
~image snip~
Smarts will cover all the risks of accepting crypto (if the vendors dont want to deal with crypto) and will pay the Vendors with FIAT. So, the vendors will get FIAT but also the customers will get to use crypto as a payment method for their everyday shopping.

Doesn't this lead us to the classic volatility problem? So you'll give a possibility where the SMT will automatically converted to FIAT, correct? What would be the solution for a case where a customer pay with SMT and during your conversion to FIAT, or at any step during the whole transaction process, the base rate changes due to the volatility? Someone will have to suffer a small amount of loss?