Post
Topic
Board Bitcoin Discussion
Re: If there is a store like Amazon or ebay that accepts only BTC would you use it?
by
ramsdaj28
on 20/05/2019, 09:03:34 UTC
What I'm trying to ask is would you use that type of store with your crpyto (maybe that store accepts more crypto not only BTC) or you see crypto only as an asset that will provide you more fiat money in the future?

If there's such online shopping site that provide that kind of service, then why not. Actually, there's pros and cons regarding that.

Pros:
1. Convenience - since cryptos are electronically transferred through crypto network, shopping will be hussle-free.
2. Accessibility - online shops are widely known in today's generation. With the integration of cryptos and online shopping, products from other countries can be easily sold to another country without any intervention in payment.

Cons:
1. Transparency - considering that cryptos are decentralized, there will be some issue regarding the transparency of the payment as a whole, unless online shops have their own wallets which you can top-up with cryptos.
2. Volatility - cryptos are also known to be volatile, which means that its value might change in just a matter of seconds. This will lead to some sort of issues regarding the pricing of products esp. when products are tagged with their crypto price instead of fiat price.