Technically I believe that "Fiat transactions" on the eth blockchain are already possible since tether has created erc20 usdt (and possibly other currencies).
On another note, monetha, will a merchant be able NOT to accept certain erc20 coins if he deems they are too risky?
See the seemingly everywhere airdrops of "esomething"... If I were a merchant I would not accept any of those.
On another note, monetha, will a merchant be able NOT to accept certain erc20 coins if he deems they are too risky?
See the seemingly everywhere airdrops of "esomething"... If I were a merchant I would not accept any of those.
Hello je@ngrey83, thanks for your question.
When you are saying "too risky", are you referring to the fluctuations of it or what exactly?
First, its important to understand that Monetha will only add tokens that have a good daily trading volume. Usually "suspicious" tokens don't have a healthy trading volume because the public doesn't believe in it.
Second, any merchant will have an option to automatically convert it to another currency (FIAT, ETH or any other ERC-20), which would allow him to mitigate the risk.
Regards,
Monetha Team
Thanks for the quick reply. OK then, if you accept only reputable, high volume ERC20 (e.g.: OMG, PAY, etc) then great, answers my concern.
What I meant by risky is all the new airdrops (EBTC, ELTC, etc etc). I mean, there are so many of them and the likely value of each is limited...
,bought a bunch for 0.000012 
two more bids at 11 and 10. That's the bottom. Duprat will kick this token up. 
