Bitcoin Forum
January 19, 2018, 02:27:55 AM *
News: Electrum users must upgrade to 3.0.5 if they haven't already. More info.
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: altcoin gateway  (Read 386 times)
mymenace
Legendary
*
Offline Offline

Activity: 1372


Smile


View Profile
September 25, 2013, 05:33:41 AM
 #1

is there a way to accept payments from multiple altcoins

e.g.

I want to buy say a pizza but they only BTC how do I pay if I have say 1000MEC or a 1000FTC


Grin
1516328875
Hero Member
*
Offline Offline

Posts: 1516328875

View Profile Personal Message (Offline)

Ignore
1516328875
Reply with quote  #2

1516328875
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
bibbit
Jr. Member
*
Offline Offline

Activity: 58


View Profile
September 25, 2013, 08:05:30 AM
 #2

is there a way to accept payments from multiple altcoins

e.g.

I want to buy say a pizza but they only BTC how do I pay if I have say 1000MEC or a 1000FTC

This one of the problems that ripple is designed to solve. However, there are very few gateways issuing altcoins on ripple right now, and since liquidity is low, the exchange rates have wide spreads. As more gateways start issuing altcoins and more trade volume develops, you would have better success.

With liquidity, the way ripple would work is that you enter the merchant's bitcoin address and select the currency to send (You would be shown the amount of your selected currency required). Ripple would find a path to exchange your currency for BTC.bitstamp and then that would be sent to the bitcoin bridge hosted by Bitstamp. Bitstamp would then send actual bitcoin to the merchant.

Several gateways issue LTC, but Dividend Rippler currently supports the most altcoins. The current list is LTC, NMC and TRC.
TheSpiral
Full Member
***
Offline Offline

Activity: 182



View Profile WWW
September 25, 2013, 08:08:45 AM
 #3

There's this: https://coinpayments.net/index.php?cmd=supported_coins

[Cex.io] - Cheap virtual mining.
mymenace
Legendary
*
Offline Offline

Activity: 1372


Smile


View Profile
September 25, 2013, 08:13:27 AM
 #4

Thanks all for the info

good to see gateways in development

Grin
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!