Are they are end to end payment solutions to purchase goods with Crypto that bypass the current Credit Card providers, their infrastructure, and their fees? - Cryptocurrency Reporters - A Light To Cryptocurrency World

Thursday, 29 March 2018

Are they are end to end payment solutions to purchase goods with Crypto that bypass the current Credit Card providers, their infrastructure, and their fees?


A potential solution could be a mobile app that:1) merchant generates a QR code which represents a digitized receipt of some sort with a listing of goods and fiat price 2) user scans a QR code with mobile phone 3) user selects crypto and a conversion is applied based on some exchange 4) crypto payment is recorded on the blockchainIssues: - payment confirmation is delayed?? - could side chains such as Plasma Cash work here, given can't retrieve a physical good if the consumer has disappeared with it? - would such an app be allowed by Apple? Supposedly any payments made on an iPhone app must be approved by Apple. I'm not sure of Android's restrictions... via /r/CryptoCurrency https://ift.tt/2E7a0zK A potential solution could be a mobile app that:1) merchant generates a QR code which represents a digitized receipt of some sort with a listing of goods and fiat price 2) user scans a QR code with mobile phone 3) user selects crypto and a conversion is applied based on some exchange 4) crypto payment is recorded on the blockchainIssues: - payment confirmation is delayed?? - could side chains such as Plasma Cash work here, given can't retrieve a physical good if the consumer has disappeared with it? - would such an app be allowed by Apple? Supposedly any payments made on an iPhone app must be approved by Apple. I'm not sure of Android's restrictions...

A potential solution could be a mobile app that:

1) merchant generates a QR code which represents a digitized receipt of some sort with a listing of goods and fiat price 2) user scans a QR code with mobile phone 3) user selects crypto and a conversion is applied based on some exchange 4) crypto payment is recorded on the blockchain

Issues: - payment confirmation is delayed?? - could side chains such as Plasma Cash work here, given can't retrieve a physical good if the consumer has disappeared with it? - would such an app be allowed by Apple? Supposedly any payments made on an iPhone app must be approved by Apple. I'm not sure of Android's restrictions...

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