Post
Topic
Board Project Development
Re: We want to create a payment gateway with cryptocurrencies. Can you help us?
by
jordigagomerino
on 13/11/2020, 19:55:59 UTC
Quote
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.

Neat idea. How do you intend to change crypto payments into fiat for regular stores? Will you require users to link a credit card or bank account that their crypto is converted and sent to, and is used for paying, or are you going to hold fiat funds converted from crypto and use corporate details for the fiat transactions?

Legally when we change from crypto to fiat we have to carry out a KYC process, when the user or the store wants to send fiat to their bank from our bank account that money will be sent. So we could say that we will keep the fiat money.

The user will pay as with any crypto, it will be when he arrives at the store, it will be automatically exchanged to fiat.