- its minuscule fee for a transaction;
- the speed of the transaction (IX);
I've been thinking a bit about that famous, elusive 'mass adoption' based on what I wrote in my previous post. IX etc., are deemed to be safe. The infrastructure I am proposing can go that far to completely remove a need for a wallet (DASH or BTC) from the equation.
-- a DASH CASH platform;
-- an user, a retailer gets assigned its unique # something they understand in a very easy, safe and secure, streamlined process. It can be associated with their e-mail, Tax ID, name, who cares (and on the back-end of D-C platform) it is identifiable as a simple, unique Dash address;
-- their own website or a physical place of business would have the same stuff like PP button or QR code and accept the payment;
-- the payment goes, via its DASH CASH platform, using DashPay, Dashbase etc., to the retailer's fiat account.
And voila!, these advantages -
like the credit cards but instead for a 3% fee, only a 0.03% fee - get even to the most dense, crypto-averse in particular or novelty averse in general people and we can approach them with a clear message without all the voodoo. Let them study the voodoo if they wish. If not we have enough geeks and upcoming generations that will be happy with the crypto world, crypto anarchy, blockchain based governance, blockchain based corporations, passports, nations...
Actually, all you need is a Dash address linked via ACH account to fiat deposit. Have a shapeshift like transaction, put in the $ amount you want and it will give you a deposit address and amount of DASH to send. The problem comes in when you deposit with Fiat, you have to have KYC and a money transmitter license/commodity trader license. Maybe you could somehow make the owner of the dash deposit address the same as the ACH account and eliminate the need for the KYC and other paperwork.
Bitpay pretty much does this with bitcoin already but with more account information requirements. They also have the licenses and per sale accounting needed to do it.
The other key that is bigger than just a place to accept payments, is how you send them. Mobile wallets need to be really easy to use. They should use nfc to communicate the amount and deposit address automatically. This should be possible like when you bump phones to transfer a contact. We have QR code scanning with wallets, but this still seems more difficult than what it could be. If you can do that, it will be really easy to pay for things. You could even add a password, transaction limits, and other security features. So not only is this easier than a credit card, but safer.
Now you have a better merchant and consumer experience to propel mass adoption.