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.
Thanks for your reply. Besides sanctioned countries on the US export control list, are there any other countries in particular who cannot use your service? Asking because some exchanges and converters have rules prohibiting regions like US and Hong Kong from using them.