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Author Topic: Thoughts on a crypto orientated seed business?  (Read 175 times)
zenmasterx7 (OP)
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May 23, 2019, 11:04:46 PM
 #1

Do y'all believe there would be a good market for selling seeds (For all sorts of food items) where crypto is the accepted form of payment? Thought about setting it up, and I got a good name/logo idea. Just wanted to run it by some folks in the crypto realm to see their thoughts. I'd accept many altcoins as well.  Cheesy
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May 24, 2019, 12:23:20 AM
 #2

That is a very niche market that you are trying to focus on.

I believe that you must integrate cryptocurrencies as a mode of payment, along with traditional fiat modes so as to make the business profitable and not get left out for some of your potential buyers who aren't into crypto.
Maybe offer some discount to users who pay by bitcoin to encourage adoption.

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May 24, 2019, 01:02:22 AM
 #3

That is a very niche market that you are trying to focus on.

I believe that you must integrate cryptocurrencies as a mode of payment, along with traditional fiat modes so as to make the business profitable and not get left out for some of your potential buyers who aren't into crypto.
Maybe offer some discount to users who pay by bitcoin to encourage adoption.
Firstly, there are something OP need to put into consideration (the legal status of crypto in your country, are planning to be a merchant, do you own a store, do you have any knowledge about crypto/blockchain).
If you're good with that.  I will also suggest the OP to integrate a crypto(btc) payment system which also support fiat in other to secure your business profitability. However, the chance for the price of crypto to rise is high.

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zenmasterx7 (OP)
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May 24, 2019, 01:39:38 AM
 #4

That is a very niche market that you are trying to focus on.

I believe that you must integrate cryptocurrencies as a mode of payment, along with traditional fiat modes so as to make the business profitable and not get left out for some of your potential buyers who aren't into crypto.
Maybe offer some discount to users who pay by bitcoin to encourage adoption.
Firstly, there are something OP need to put into consideration (the legal status of crypto in your country, are planning to be a merchant, do you own a store, do you have any knowledge about crypto/blockchain).
If you're good with that.  I will also suggest the OP to integrate a crypto(btc) payment system which also support fiat in other to secure your business profitability. However, the chance for the price of crypto to rise is high.

Crypto is completely legal as a currency where I live at! I plan on starting to sell different crops/goods from them at my local market here in the upcoming weeks so I was thinking of implementing a QR code system for paying with crypto at a discount when compared to fiat. I'd like to build it up to where I'm selling these products online, and I'd accept a good bit of different cryptos as payment at a significant discount.
joniboini
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May 24, 2019, 07:13:38 AM
 #5

I'd accept many altcoins as well.  Cheesy

Which altcoins is it?
You'd probably thinking about opening an LN channel too, so anyone can use LN to pay what they bought from you.
The idea is definitely OK, considering the fact that crypto is legal too, I think it's a good alternative.

Btw, why not use third-party payment processor? Should've solved a lot of issues such as conversion rates and so on.

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pooya87
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May 25, 2019, 03:17:00 AM
 #6

if you restrict your payment to cryptocurrency only then you restrict your customers because not that many people even know about cryptocurrencies and those who do know are using them as investment not currency specially altcoins!
what you said about giving discounts for crypto-payments is a better idea as long as you keep the fiat as the normal way of payment.
also be careful with altcoin payments, they are not as safe as they look. and many things such as double spending is easier using many of them.

Btw, why not use third-party payment processor? Should've solved a lot of issues such as conversion rates and so on.
there is no point in accepting cryptocurrency if you are going to use a third party processor and/or receive fiat from them.

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May 26, 2019, 07:39:34 AM
 #7

Do y'all believe there would be a good market for selling seeds (For all sorts of food items) where crypto is the accepted form of payment? Thought about setting it up, and I got a good name/logo idea. Just wanted to run it by some folks in the crypto realm to see their thoughts. I'd accept many altcoins as well.  Cheesy

lol when I saw the title I thought this was about seed investments..

but anyway, combining farming and blockchain should happen in the supply chain side, not sure how good the adoption would be if a crypto payment service existed for farm produce or seeds as you say. Also, we're talking about farmers here, my ancestors are all farmers here and we hate change of any kind.. so getting your product accepted and finding a large market for it would be challenging.
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May 27, 2019, 06:05:24 PM
 #8

Happy to see you came up with the good initiation on an agricultural field.

If you want to sell the organic seeds for the BTC and altcoins payment, please go with the creation own website for this idea, then you need to ensure to add up with the payment gateway. I believe this will create the good earning

 
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May 27, 2019, 10:35:37 PM
 #9

Crypto orientation can help you to take power on games like dice, services like bitcoin payment gateway, amazon/ebay buy and etc. The business you selected isn't a type of business where crypto oriontation can bring and attract customers, you can just run website normally and offer crypto payments too.
For example one man here added btc payment in his caffe but got 1 transaction (which looked like donation) in two months. Just accepting bitcoin can't make you unique.

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