Re: Why there is no Standard Marketplace like Amazon with BTC as payment method??
I know...there are smaller marketplaces that people can buy/sell goods via bitcoin, but why a major marketplace is not emerging??
I know for a fact, there is a huge demand for purchasing of goods with BTC...even users from this forum is enough to give the marketplace a supply chain issue
1. is the problem in supply side? are sellers worried taking payments via BTC bcas of volatility
2. is there a logistically inefficiency, that smaller sellers can never compete with the likes of amazon
3. is the transaction speed an issue for retail transactions?? major cards payments are done instantly (maybe this speed is needed for impulse purchases
)
Comment below...thanks i'm a newbie here
Well, there have been quite big black markets that used Bitcoin as the main payment option, but that is surely a thing for a narrow group of people, not to mention the illegal nature of it. Why isn't there something size of Amazon with BTC payment? Well, perhaps the ways of people who believe in Bitcoin and those who make such marketplaces are just too different. Volatility is kind of a problem, but a simple and obvious solution is automatic price updated based on the price of Bitcoin in USD. Perhaps there simply isn't enough demand for such a place, and this is why it's not here. Or, and this is probably true, there are difficult legal matters to solve to make it work worldwide.I know for a fact, there is a huge demand for purchasing of goods with BTC...even users from this forum is enough to give the marketplace a supply chain issue
1. is the problem in supply side? are sellers worried taking payments via BTC bcas of volatility
2. is there a logistically inefficiency, that smaller sellers can never compete with the likes of amazon
3. is the transaction speed an issue for retail transactions?? major cards payments are done instantly (maybe this speed is needed for impulse purchases
)Comment below...thanks i'm a newbie here