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September 06, 2017, 11:29:54 PM Last edit: November 23, 2017, 10:20:48 PM by cyber-i |
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In case of utility tokens where they are supposed to be used for paying certain services (e.g., buying music online or tickets for concerts - as according to some recent ICO's) - does it mean that the end users will be able to pay the service only with the token or is there a way they can pay seamlessly by fiat?
If the end user can pay by token only, wouldn't that be a huge disadvantage for sales, especially with regard to attracting mainstream consumers? What would possibly motivate an average consumer to deal with all this crypto shit, wallets, exchanges, scammers, etc., in order to buy some tokens for a service they can get elsewhere for $ or € ?
Or can a company adapt the system in the way that the consumer pays seamlessly with $ or €, and the transaction is done via tokens at back-end only? But in such a case, what is then the inherent need of the token?
On a separate note - with the volatility of the tokens' prices, how can the prices of services/products be set in any coherent manner?
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