Bitcoin Forum

Hello,

What do you think about this idea:

A payment merchant that allows easily integrate ALL crypto currencies payment processing into website. It would let anyone to accept crypto on their website/app or any other project online.

It could also instantly convert accepted crypto to fiat currency.

I have not seen such product yet. Do you think it has a potential? Or people are not used to use few different kind of currencies instead using just BTC for online purchases.

Thanks

It sounds like you're trying to integrate few product into a single one - payment processing, crypto exchange and fiat-crypto exchange.
That's tough... :)

Seems good but when you look into it detailed, you will face a lot of problems, firstly, you can use only few coins as liquidity is a big problem

Actually, there are sites like this online right now, and if you are willing to create a new one, there are to many competitors and you wont have to much traffic.
Just google it and there you will find sites like this one.
By the way, i dont know why people make bitcoin to look difficult, just create a wallet and start sending and receiving money, that is it, why making it so complicated?

Don't think it's that easy, also don't think you're the first one to think of this. Literally everyone has wished to trade USD-BTC on BitTrex.. They're not doing it because it's not so easy, probably too much of a hassle and risk to do.

Thanks for the answers guys.

Well, I have not seen anything that lets you accept multiple crypto. Bitcoin yes - there are a lot of merchants.
Also, does exchanges like bitrex let your accept crypto on your web & convert to fiat? I guess no.

I have an additional idea for you ,
1 all crypto coins can convert directly with FIAT in real-time.
2 you can integrate with VISA or Mastercard , make MoU.
3 you give a debit card to an investor or member , the contents of the debit card balance is their crypto balance.

This is indeed a great idea which can be used but it has its own downsides. The major downside would be selecting 'n' number of stable coins to be integrated into the payment system and users would always ask you to add new 'x', 'y' and 'z' coins as it gets more popular. The other problem of directly being able to convert an altcoin into fiat would be that if a coin is being dumped hard, that site would be prone to become a dump yard and it would be hard to cease a particular coin's operations after extensive use for a period of time.

This is a good idea. But the legal restrictions of converting from crypto to fiat will be a big problem.

there are some services that can convert BTC to FIAT and also already integrated with Visa and Mastercard.
you can have a debit card containing your crypto balance and can withdraw cash at a conventional bank ATM.

I like the idea. I think there are multiple different cryptos working on how to do this in a myriad of different ways. I imagine a bunch are going to crash and burn, but one or two will succeed here in the next few years and those currencies will become very valuable... 8) 8) 8)

If there is a project like your idea then I will support it. Very simple where the digital coin applies in all places and also very easy to swap it into fiat money. But I think it has all been answered with the role of bitcoin over the years. It's just that users and people who understand about the world of crypto can still be said to be limited.

If you would be able to create a crypto payment processor, like you described, I am sure you would have many customers. But I fear, it is very difficult to realize, when you integrate exchange to fiat, because of laws and taxes.

Hey, everybody!

During some research over the Internet I found a nice solution for Crypto-to-Crypto Processing. Check it out! Crypto Payment Processor (https://www.merkeleon.at/crypto-payment-processing/) by Merkeleon.

Those guys are professionals from Austria and provide turnkey ready-to-go solutions for launching own Crypto Exchange with integrated Crypto Processing Engine (BTC, BCH, LTC, ETH, ETH Smart Contracts, DOGE, DASH, ZEC, XMR). Also you can integrate Crypto Processing as a standalone solution for your existing project, whether it is an Exchange, E-shop, Marketplace, Auction, Casino, Bank, etc.

Hope it will help. Cheers!