Bitcoin is currently experiencing some issues such as slow transactions, high transaction costs.

I think next time will be fixed & e-commerce sites will accept bitcoin as a payment solution.

Despite the unprecedented rate of E-commerce, we did a huge research and figure out 03 significant problems:

1) Trust: On public network, like Internet and Marketplace, this is super difficult to establish trust between merchants and buyers, especially for small and individual merchants with only few transaction unlike street-shopping or face-to-face shopping
2) Complicated and Expensive to setup and process payment services: there are total of more than 15-16 steps for money to be transferred from buyer’s bank account to merchant’s bank account. Even with new faster all-in-one online payment solution – PayPal, it requires total of at least 5-6 steps. Tons of multiple fees for merchants to accept payments from buyers from any transaction from 2.9% to 5.5% + 0.55 on average
3) Lack of ability to reach cryptocurrency economy

We think in the market there are some researches have come up with same findings and they are focusing on numerous areas on this topic.

At Scan Pay, our core values to customer are:
- Decentralized Trust platform implementing Escrow Service (dynamic holding consensus)
- Just "Scan" & "Pay" on any trading on global e-commerce platforms like WooCommerce or Magento
- Mobile integration at any point of trading process
- JIT Exchange
- Rewards per transaction

We have done 80% MVP and try to get our 10 customers in early Feb'18. They might be merchants or e-commerce platforms/websites.

If you are interested, we can immediately to you our first draft White Paper for further discussion
 
PROBLEM

According to Statista (2017), global retail e-commerce sales in 2016 were USD 1,859 billion and are projected to increase to USD 4,479 billion by 2021. Despite the unprecedented rate of E-commerce, there are 03 significant problems:
 
1.   Trust
2.   Extensive, Complicate, & Expensive Payment Services
3.   Lack of ability to reach cryptocurrency economy
 
SOLUTION

Scan Pay will build a trusted and decentralized payment solution on Ethereum blockchain using smart contract (EC20), enabling buyers to use their favorite cryptocurrencies (preferred ETH) in order to pay sellers (private or merchants).
 
1. Trust
•   Develop a global decentralized trust and reputation system for tomorrow’s global e-trade
•   Enhance trading process experience - minimize disputes by implementing a Dynamic Holding consensus (Escrow Service)
 
2. Fast, Simple and Secured
•   Make payment process become simple only one step with 2 activities: “Scan” and “Pay”
•   Removing all of intermediation in between (banks, VISA, MASTERCARD, etc.), the payment only between Merchants and Buyers directly, generally up to 10,000 times faster compare to bank and 30 times faster compare to BTC. Scan Pay allows users to transfer money instantly around the globe with nothing more than a phone number (or ‘’Address” using blockchain technology)
•   Secure and Cheap digital payment by nature attribute of blockchain technology, saving up to 8 times
•   Mobile payments as opportunity for merchants to reach more potential customers.
 
3. Scale up to cryptocurrency economy
•   Bring cryptocurrency to the masses or specifically the Ethereum based token economy to the game
•   Real time conversion: Close the gap between cryptocurrency to fiat with the lowest conversion exchange rate. We aim to drive the adoption of the API by the merchants by providing them a way to receive directly in fiat currency from crypto-currency buyers, shielding the merchant from market volatility and decreasing the risk of accepting crypto-currency
•   Earn rewards every time you spend or make a purchase in order to enhance multiple transaction in our eco-platform
 
BUSINESS MODEL

Scan Pay will charge a 1.5% transaction fee from merchants. Of that, 0.5% will go to a “Voucher Smart Contract” of SPC for Scan Pay token holders for an ability to use that in the Scan Pay’s ecosystem and other 1% will go to the company as revenues.
 
PRODUCT
 
Phase 1 (80% DONE): Fully developed 1st MVP Functional Payment Gateway that can integrate to E-commerce platforms, accepting ETH
•   Time: Jan & Feb 2018
•   Goal: Approach first 10 e-commerce platforms
 
Phase 2: Fully Payment Gateway (Decentralized Trust and Reputation Consensus) solution accept ETY based tokens with JIT Exchange to exchange Ethereum currencies to fiat currency and transfer funds to their preferred account. Also, we will launch 1st MVP of Mobile Application for buyers
•   Time: Q3 & Q4 - 2018
•   Goal: Approach first sizing 10 - 100 e-commerce platforms (WooCommerce, Magento), validate and enhance our product such as: smart contract, real-time analytic, and dashboards for merchants will be introduced during this stage. Moreover, we aim to reach 10,000 first users in our community to test our wallet.
 
Phase 3: Full functionality of the decentralized trust and reputation system & Loyalty Program, Fully launch Mobile Application
•   Time: Q1 - 2019
•   Goal: This level of financing will allow us to fully develop a globalized trust and reputation system to enable both parties to initiate/resolve claims so that global trust rate would reflect “the true trust of both parties”. Reviews will be enabled, which will have a significant weight on trust rate for merchants and clients. Trust system algorithm will be improved to facilitate claims and client reviews. Mobile wallet version 2, mobile in-app SDK and other improvements to merchant’s interface will be developed during this phase
 
Looking to hear from you. Thank you very much and appreciated!

$50.000/BTC

Maybe

I think Bitcoin continues to be exciting in 2018.

Hold TRX?

I am also interested in this topic. Continue tracking.

Just need 2 times the current price to reach the target $5 only. I think it will be soon.

I think the opportunity is always there.
Invest in yourself before investing in the market.

I'm still looking for a place to accept Bitcoin payments around me.

Ripple (XRP), currently the second largest cryptocurrency by market capitalization, has continued its recent rally, crossing the $3 per coin mark. At press time, the altcoin was trading at an average of $3.12.

Ripple’s price has increased almost 49,000 percent over the past twelve months. The cryptocurrency passed $2 just last week, seeing a 130% increase since Dec 27.

This has cemented Ripple’s number two position with a market cap of $121 bln, almost half that of Bitcoin.

In 2017, several Ethereum-based decentralized application (dapp) browsers gained significant popularity, primarily due to the rise of dapps like CryptoKitties. During its peak, CryptoKitties, the digital cartoon collectibles game, was responsible for more than 20 percent of the entire Ethereum network’s daily transaction volume.

CryptoKitties in particular was praised by some of the cryptocurrency sector’s experts like Andreessen Horowitz partner Balaji Srinivasan. Srinivasan noted that CryptoKitties has demonstrated the potential of the Ethereum network to process digital asset trading in a decentralized manner, without the involvement of intermediaries. According to Srinivasan:


Difficult to replicate

But CryptoKitties was a one-time success story of a decentralized application that reached large-scale commercial success. It did so through extensive mainstream media coverage triggered by a sudden increase in demand. It is extremely rare for an app on the Ethereum protocol to achieve the level of success that CryptoKitties did.

Lessons from the past

To imagine the current structure of Ethereum’s decentralized application market, one has to consider the mobile app era prior to the existence of Google Play Store and Apple App Store. At that time, users had to download apps from websites directly from the distributors and developers. The process was highly inefficient and for apps to gain popularity, a significant amount of capital had to be allocated to marketing.

Over the past few months, Ethereum-based browsers have provided a better platform for users to search for innovative decentralized applications. These browsers are essentially operating similarly to the Google Play Store and the Apple App Store in terms of aggregating decentralized apps for users to peruse.

Bringing together dapps and users

Coinbase CEO Brian Armstrong explained in a blog post that in the future, Ethereum-based browsers could increase the accessibility of decentralized applications and potentially introduce them to a larger user and consumer base. Armstrong wrote:


Decentralized applications launched on top of the Ethereum protocol utilize the ERC20 token standard and operate with native tokens compatible with Ether. Consequently, the trading of digital tokens can be processed seamlessly on decentralized trading platforms. Still, experts like Armstrong believe that the adoption of Ethereum browsers and decentralized applications could take many months to achieve commercial success. Once they do, however, they are poised to revolutionize the dapps market.