Building a store that accepts ERC20 tokens

[Tuturtinular]

With current conditions and high levels of fluctuation, it is very risky if the crypto currency is used as a payment instrument, especially if it is applied in a country that has not legalized cryptocurrency, it will also conflict with the government.

[active706]

With current conditions and high levels of fluctuation, it is very risky if the crypto currency is used as a payment instrument, especially if it is applied in a country that has not legalized cryptocurrency, it will also conflict with the government.

Yes, but we must try and slowly integrate cryptocurrency into our lives. What about countries which don`t legalize cryptocurrency, they will accept it soon.

[BitindaHouse]

While before humaneness comes, there are still many ways to bypass the financial system of the dollar, I think that this already exists, but I have not met)

[yohaneshs]

You must have a legal standing in your country and of course it's need a time and hard work to create platform and development projects.
It's a possible thing but have a process to research and make a legal documents. Some countries have a regulations for crypto especially as a payment gateway.

[AlekseyCrypto]

Today, there are few such stores that accept such tokens. But the main problem of such stores is that these tokens has very low liquidity.

[batang_bitcoin]

Today, there are few such stores that accept such tokens. But the main problem of such stores is that these tokens has very low liquidity.

Low volume and people won't use a token that's like that so being this type of marketplace seem to be ineffective.

Only those popular marketplaces are accepting those coins that are very popular and has good market cap. So generalizing ERC20 tokens, you have a good idea but to apply and execute it seems to be hard by just studying what would be the outcome. Well, there's no harm in trying if you want to.

[astridwi]

shops that accept crypto payments are now starting to emerge with a lot of products they sell, but many rules from each country need to be addressed to legalize this because online purchases are usually tax-related and I am sure that in many countries they still do not arrange purchase taxes with crypto payment

[kagtaviy_mo]

Hey. I think that this is a great idea, because there are a lot of coins, and this means that they can be used in such projects.

[btccrusher]

Why should merchants accept erc20 as payment? There is no usefulness of erc20 as payments, but yes some project has launched their mainnet after starting with erc20, they might get into some good position if the fiat transaction is quite stable over Bitcoin. Otherwise, merchants will love to follow BTC as payment instead of these shitcoins.

[sladkoejka]

If you build a store that accepts them they have more purpose than Bitcoin.  A token with stable value is far easier to use as a medium of exchange than Bitcoins whose price fluctuates wildly and is non inflationary.

The small market value of tokens also make them easier to tailor fit into a micro ecosystem.

Has anyone coded transactions like this with erc20 tokens?

I agree, you need to have a coin for the store, which will not be affected by the volatility of the market, in the likeness of Tether. After all, the store can go bankrupt just one day after the start of the market fall. a very risky option and therefore strongly do not develop this topic