What will be the Payment Processing of goeureka,Does they accept any other currencies ?
As per there accessible white paper, they mentioned that they are using both traditional and cryptocurrencies. After reading their white paper i found that they are providing an option to transact using fiat currency, major cryptocurrencies, GO credits or loyalty points. Prices of goods and services will be displayed in fiat and the cryptocurrency of users choice. They are also providing the gateway for the transaction like Paypal, that sends transaction details to a payment processing network.
Yes, they are interacting with all major cryptocurrencies, but due to traditional payments include prohibitively high fees (especially with foreign currencies), the lack of transparency by service providers, the need for multiple transacting parties and chargebacks that are a huge inconvenience to merchants. To tackle these issues, GOeureka will implement a crypto payment gateway, depending on available proven technologies available at the time of implementation.
They proposed that they are trying to adopt successful crypto payment gateway providers like CoinPayments or Shapeshift (
https://www.coinpayments.net/ or
https://shapeshift.io) that provides necessary merchant tools for their platform.