That's a great idea. But I have a question and need a answer. when you accept payment in Bitcoin, LTC, ETH and other alts.
If the value of those alts suddenly drops sharply during the night, how do you handle it to be most effective?
Hi leavolnhals
Thank you for your question. Please understand that we will not accept other alts, we will ONLY facilitate payments in NIRX, LTC, BTC, ETH and Fiat within our ecommerce marketplace.
In regards to price fluctuations, users of our platform have an option to use NIRX with discounts (where NIRX has been both socially and technically configured to stay stable) OR any of LTC,BTC & ETH; to transact. I think this is a very awesome deal. As expected, we cannot realistically control price fluctuations with the later stated (BTC, ETH and LTC), but can only control NIRX. For this reason, checkouts completed with these, will ONLY be calculated based on their current market prices. It goes without saying to assume that the payment process is judged at the end of the transaction and settled. It is important at this point to state that payments in ETH, LTC and BTC that gets necessarily escrowed at some point, will be converted to NIRX until disputes were settled amongst involved parties.
Our marketplace will encourage utilising NIRX, to phase out avoidable loss & ensure that merchants retain the value of their held assets. To incentivise this, for a limited we will allow tangible off prices for users chose to use us NIRX as their payment option. More details on our plans can be found in our whitepaper
Please indicate if you need further clarification on our project. I will be glad to assist you with answers.
Thank you.