Bitcoin Forum

Hello everyone!

My partner and I are creating a platform that allows merchants to accept cryptocurrencies easily and accept the currency of their choice, whether it is Bitcoin, Ethereum, Dollars or Euros.

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.

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.

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.

To obtain a greater degree of transparency and security we want to create the platform through smart contracts, we are still deciding on which Blockchain, since Ethereum for example has a very expensive price per transaction and we are looking for the possibility of making micropayments with cryptocurrencies.

We are currently in a business incubator and the next step we have to do is validate our business model, for this we need to get feedback from cryptocurrency users that's why we want to ask you some questions.

Previously we created a google form and asked your opinion on another topic, we have seen that you prefer to ask your questions from BitcoinTalk and obtain more freedom in terms of response.
Any other question or opinion that you have, we will be happy to answer and listen to it.


Questions:

• Have you ever bought with cryptocurrencies? What you buy? How was your experience? What would you like to improve?
• How often do you shop using cryptocurrencies?
• How much money do you usually invest in cryptocurrencies in a month?
• What cryptocurrencies do you usually use?
• What cryptocurrency platforms fo you usually use? (Coinbase, Binance, MetaMask, ...)
• What do you usually use cryptocurrencies for? (Trading, Buy products, Hold, ...)
• What would you like to be able to do with cryptocurrencies? (Buy products, Exchange, Send to other wallet, ...)

These questions are more a guide, if you want to give other opinions, answers or ask other things feel completely free.

About us:
We are Christian and Jordi, two young entrepreneurs eager to bring cryptocurrencies to the whole world.
We live in the Balearic Islands, Spain and as I mentioned above we are in a business incubator (emprenbit.org) financed by the Government of the Balearic Islands and the European Commission.
We are also participating in an entrepreneur tournament administered by the Government of the Balearic Islands in which we are receiving guidance and help in forming our company.
If you want to know more about us, you can do so on our website: https://wolfchain.es/

Thank you all.

Yes, I have. Mostly digital goods.
^{- Normally, I have a great experience but if I would like to see an improvement, it would definitely be "instant completion [receive codes immediately]", not a big deal though.}

Once every two weeks ^{[at least]}.

I've said this before: I hate seeing the words invest/investment and cryptocurrencies in a single sentence.

BTCitcoin.

I would prefer not to disclose it.

Both buying products and trading.

Mainly, buying products.

First of all you might want to think again about the name. In my opinion it is not really expressive for your offering. You said you want to build a DEX and offer crypto payments processing solutions for businesses. I don't know what the Wolf has to do with it. Maybe you can tell a little story about that?

I don't really use cryptocurrencies for shopping unless there is an emergency. They are just too volatile and I for now they serve a better purpose if you just hodl them.

I'm more like a Bitcoin maximalist. I don't believe in the majority of altcoins out there. Ethereum is useful because of the tokens feature.


For now there is nothing I would like to do with cryptocurrencies that I can't do now through the already existing services on the market. In the future, when the market will be much more stable and liquid, everybody would like to make fast payments using them at both online or offline stores.

-Yeah, i have tried on buying up some Digital goods like Steam wallet codes and other gaming credits.
-Depends on the money i do had and depends on the even of the game ive been playing.  ;D
-I dont invest but rather i do work for im able to earn it
-Bitcoin, ETH and XRP
-Binance, Kucoin
-I have done 3 of these things.
-Of course majority will be aiming for profits and usability in other establishments or services neither offline or online.

Just to clear going forward:

- Are you registered as a partnership?
- How do you intend to make instant trades without controlling the coin?
- You are Christian - do you believe you'll go to heaven no matter what you do, if you ask for forgiveness?

Wolf is because on the one hand I like my projects to have animal names, it is like a personal stamp. On the other hand, in this case I really liked putting Wolf since the main idea is to make the whole project as decentralized as possible and that to make it useful and fast we should all be like a pack of wolves, with a common goal.

Thank you very much for the reply.

No, we are not currently registered since for this in my country you need money and once you register it you have to start paying month by month, then until we release our project to the public we will not be.

The technical part is something that we are still debating, everything indicates that we will do it through an ethereum sidechain since in ethereum mainchain any operation is too expensive, making instant payments without fees impossible.

Off topic.

Hello! Nice to meet you! Me too in Spain but in Valencia!

• Have you ever bought with cryptocurrencies? What you buy? How was your experience? What would you like to improve?

Yes! Digital item! And dont like this!) because i think is too much long.... in december 2017)))

• How often do you shop using cryptocurrencies?

No! I.m HODL

• How much money do you usually invest in cryptocurrencies in a month?

50-100 euro

• What cryptocurrencies do you usually use?

Bitcoin, Ether, Monero

• What cryptocurrency platforms fo you usually use? (Coinbase, Binance, MetaMask, ...)

Binance

• What do you usually use cryptocurrencies for? (Trading, Buy products, Hold, ...)

Trading

• What would you like to be able to do with cryptocurrencies? (Buy products, Exchange, Send to other wallet, ...)

All of this
These questions are more a guide, if you want to give other opinions, answers or ask other things feel completely free.

Are you physically in an incubator? And where is it?
Will your platform support multiple cryptocurrencies? On what basis will you select?

Gracias! Hasta luego!

Giving you the information out hoping my inbox doesn't get spammed with other info.
Domains from namecheap. They use bitPay integration which is the worst payment processor when it comes to usability.

Digital good sometimes and hire freelances often if that counts as shopping.

--NA--

BTC/ETH/Any top tier coins as per demands.

A combination of all/some of them? Quite a vague question.

--NA--

Definitely being able to buy more digital or other goods pseudo anonymously.

I do not know how the answer to these questions will make the development of your project faster because they seem random, but the problem of traders with accepting cryptocurrencies is related to price fluctuation and the lack of clarity of regulatory restrictions (and thus taxes.)
In short, the problem is not related to what is a cryptocurrency used, but rather crypto as a whole.

The best thing you can offer is for your site to act as a middleman, accept payment from the buyer in cryptocurrencies and pay the store by traditional methods.

Thanks for the reply.
Your feedback helps us to validate our business model, to know the audience we are targeting or to detect functionalities that we can add or remove on our website.

Hola,
Yes, we are currently in an incubator with offices called EmprenBit and it is located in the Parc Bit technology park in Mallorca.

The idea is to support the largest number of currencies, although it is most likely that we will use the most common currencies to begin with.

Muchas gracias por la respuesta.

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.

We seek to make the entire platform as decentralized as possible through Smart Contracts. Being decentralized we will not be able to prohibit the entire platform, only the non-decentralized parts, so there would be no restrictions on the exchange or when making a payment.

Where if we would have to put it is in businesses that want to use fiat since this part is not decentralized, we must be responsible for everything that happens.

Anyway, right now we are going to start in Europe, we do not know the legality in each country outside the EU and we cannot guarantee anything.

I think we can do some sort of partnership with you. How can I contact you?

Hello, through our website you can access a contact form. https://wolfchain.io
Thanks for your answer!

Hello! I am wordpress-developer from Mexico.
Yes. I am experienced user of cryptocurrencies. I am using it as payment method since 2016
1-2 times per week, sometimes even more
I usually invest minimum $200 per month
BTC, ETH, LTC mostly, but my portfolio is bigger. I remember the fist time I get BTC - my friend sent 3BTC to my wallet just for fun.
First I buy coins al localbitcoins, then send to https://cryptomixer.si (https://cryptomixer.si) and after to my cold wallet.
Mostly for buying goods anonymously and also for trading.
The best thing crypto gave us - is the possibility to send huge sums from one place of globe to the other with extremely low fee. Comparable to MoneyGram or WesternUnion fees Bitcoin's fee is nothing!

Nice project, I filled out the survey on Your webpage, hope to see You succeed.

And for the last question that You got from Vod (You are Christian...) You can see how much sense and intelligence he has for confusing Your name with religion.

I have never bought anything with crypto yet.


Not applicable


I don't regularly buy but when I buy it is in 3 figures.


I use BTC and eth mostly


Binance


Hold and trade.

Thank you very much for your answer.  ;)

Hello fellow forum users, I have built something similar (microwallet dot co) to try to counter the massive companies that have taken over our ability to have our own independent shops. I have built a compliant crypto wallet (legal process was a nightmare), exchange and payment gateway that is aimed at making it easier for people to accept and receive payment in crypto. I have a payment gateway operating now free for all users. Also have a small loyalty program that users can earn from- keyword small. I do not want to be a massive money sucking machine. I have not monetized anything on my site yet (my subscriptions are just placeholders and i will adjust them according to server load- looks like free, 99 , and 399) and I have done this all at my expense. I also developed a few plugins and templates. I build a woocommerce plugin that uses microwallet payment gateway and you can just add it to any woocommerce site for free. I also developed (and bundled this up) with a wordpress simple shop site template, simple database and plugin so anyone can create a store and accept crypto for free. I was so sick of paying shopify, paypal, stripe and others huge fees for processing money from MY efforts that i just decided to go it alone. I definitely lost fiat customers but im not making much anyway so not a huge loss.

If anyone wants to know more or use my template feel free to PM me.

I am happy to post links if we are allowed here? Anyone know? Super lame we get banned for mistakes and everything else nowadays.

Hi Jordi,
Its a good idea and a good initiative, I think I will be a good match for your gig, I have helped many of my friends giving Merchant payment gateway solution. Providing good consultation and Legal Guidelines to run exchange efficiently.  ;)  Loved to help you in all ways, mate.

Sure, I can help you mate.