That makes me wonder how you hedge potential declines in the price? At one point if your business becomes a success and you generate significant volumes, your risk increases significantly too in terms of what the price is doing. The ShitPay's of this world hedge their down side risk by shorting a portion of their holdings. What is your plan of approach in such a situation?
That's awesome. It means that the merchants selling their goods for Bitcoin end up getting more money for the same products since the 3-4% card fees are generally calculated in the price of an item, which should be enough incentive to get them to accept your 1% fee.
Our wallet service will be semi-custodial which our customers will keep their private keys but we will use wrapped cryptocurrencies. Our blockchain payment gateway will run on the Waves Blockchain. This will reduce the time it takes to write transactions to blockchains under 3 seconds. As soon as we see the purchase on the blockchain, we will sell the crypto coins we hold in the crypto exchange market.
When you see the payment complete icon in our video, our crypto exchange api is triggered and the cryptocurrency is already converted to nominal money.