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
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
Unlike others have stated here, there is a need or a want for a marketplace like this. One that I know of OpenBazaar being one of them. It at least used to be a marketplace you had to download instead of just a normal website you click and open.
The problem arises in there being too wide a range of items that people would want to purchase and it's hard to get vendors themselves in on place. I think a lot of vendors have either already set up their own marketplaces that accept cryptocurrency or they are a bit hesitant to join a larger marketplace not knowing if it's worth their time in a crowded place. Plus we simply need more vendors to accept crypto.