Post
Topic
Board Service Discussion
Re: Help us to validate our business model!
by
Slow death
on 09/11/2020, 07:42:07 UTC
More about the platform:
A few years ago we began to like the topic of cryptocurrencies a lot and we were learning about this, we realized that cryptocurrencies are not being used for all the things with which it can be used and currently its greatest use is to hold or exchange.

this happens because of lack of regulation and high volatility. I will give an example of my case, in my country I can only buy cell phone refill directly with bitcoin using the bitrefill.com service which have now added other options such as a card that allows you to pay for things like Netflix, buy things on amazon and other things. and I haven't tried this virtual card yet. but the case is as i said, real world traders from countries like me don't even know about the existence of bitcoin and the lack of ragulation is the biggest problem. Plastic bitcoin cards are only available in Europe, USA and some Asian countries and people like me, there is no way to have a bitcoin plastic card and even those bitcoin plastic cards have to be converted into fiat to buy things in the real world. ATM Bitcoins are being removed in some countries because of a lack of regulation and it has scary fees. to buy bitcoin using exchanges you have to go through KYC and pay high fees

That is why we want to create Wolfchain a platform that allows you to buy cryptocurrencies in a very simple way. We want each user to pay with the cryptocurrency they want and the store can receive their chosen currency regardless of the currency with which they are paid, in this way it will not only be possible to pay in crypto enthusiast stores but in any store.

how do you intend to overcome the regulatory barrier and expand your services to places where competition does not reach?

At the same time we also want to have a place to store your cryptocurrencies and exchange them through a DEX in a simple way and with low or no commissions. However, we will create the payment gateway in such a way that if you prefer to use your own wallet you can still pay.

these DEX are being a total failure, do you want to create something like Bitpay?