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
Using bitcoins as their main mode of payment will exclude many people from buying from their website. Think about it, if you are not capable or you do not have the means to buy using bitcoins, what would you do next? You will then look for an online store which will cater to fiat as your mode of payment. Why does there have to be exclusivity? Different payment methods are introduced so that people will have the ability and means to choose, depending on what fits their capabilities and the availability. A store who is this exclusive will lose both sales and their clients. Second, many people have trust issues regarding this, people are afraid they might get scammed or their items will not arrive on time. Third, being solely dependent on technology for payments is really dangerous, what if when you really need the item, the current system you would be using is down, what if there’s a technical glitch, etc. etc.