altcoin payment processor | Bitcointalksearch.org

georgem

legendary

Activity: 1484

Merit: 1007

spreadcoin.info

Quote from: poblico on December 03, 2013, 12:16:35 PM

Thanks for the reply
This is a crypto only payment processor they do not pay FIAT to the merchants.

What would be the challenges with paying FIAT on a daily basis to merchants?
(other then the obvious reason of absorbing the volatility risk and having a pool of FIAT)

The challenges would be mostly of legal nature.
Don't expect to start such a payment processor company without having atleast three lawyers who know the financial implications of bank and money regulations, on a global scale of course.

The IT-part is easy compared to that.

defaced

legendary

Activity: 2198

Merit: 1014

Franko is Freedom

Franko was just added to coinpayments.net!

poblico

member

Activity: 75

Merit: 10

Thanks for the reply
This is a crypto only payment processor they do not pay FIAT to the merchants.

What would be the challenges with paying FIAT on a daily basis to merchants?
(other then the obvious reason of absorbing the volatility risk and having a pool of FIAT)

Dreamweaver

member

Activity: 104

Merit: 10

Trying to find my way.

I think there's already such a service. I haven't used it since I'm not a merchant, but I think its worth checking out.

coinpayments.net

poblico

member

Activity: 75

Merit: 10

Is anyone working on a payment processor for alt coins(like bitpay)?

What would be the challenges in implementing such a system?
I assume choosing the "right" coins will be an important decision to make in this case.

Would love to get some comments and ideas about that. Roll Eyes

Topic: altcoin payment processor (Read 495 times)