I don't think most of your client will mind if the payment system is decentralized or centralized since their primary concern is to be able to make payment with crypto, i know a few % will be concerned about their personal data but this will only be very small percent. Most payment projects are mostly centralize since they have to comply with the financial regulatory bodies and in other to stay in business and attract a high number of users it is important they operate in a centralized manner.
You should just go with the majority to support your business between shopify centralized.
Topic: Decentralized vs Centralized Payment Projects (Read 102 times)
Hi
I have observed that the crypto scene is becoming more and more centralized.
I am looking for a crypto payment system for my Shopify store and have come across Coinbase, Binance, and Bitpay, but they work a lot with databases and tend to impose their apps. I found a Crypto Pay System called Blueberry Pay which looks very promising.
Does anyone know of another payment system where the degree of decentralization is high?
I have observed that the crypto scene is becoming more and more centralized.
I am looking for a crypto payment system for my Shopify store and have come across Coinbase, Binance, and Bitpay, but they work a lot with databases and tend to impose their apps. I found a Crypto Pay System called Blueberry Pay which looks very promising.
Does anyone know of another payment system where the degree of decentralization is high?
Because of fiat money involved, most companies want to obey regulators and kyc their customers. Obviously there will be some small and shadier businesses that won't do this but if we want adoption, some sort of centralization needed.
Does anyone know of another payment system where the degree of decentralization is high?
Without informing what cryptocurrencies you want to accept, it will be hard to suggest which of the most suitable payment gateway. If you want to get cashed in on FIAT, then surely a centralized option is the way to get since they offer a FIAT automatic conversion.For accepting Bitcoin or LN, BTCPay server is the recommended way since it gives you full control of all the things, you can see their tutorial to integrate it with Shopify here: How to accept Bitcoin in Shopify. By using it, you can also extend it to accept other cryptocurrencies, but further development is needed(https://docs.btcpayserver.org/Development/Altcoins/).
legendary
Activity: 3010
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
Hi
I have observed that the crypto scene is becoming more and more centralized.
The truth is if only a few things that actually decentralized in the crypto while almost all of aspects in the crypto actually centralized. I have observed that the crypto scene is becoming more and more centralized.
I am looking for a crypto payment system for my Shopify store and have come across Coinbase, Binance, and Bitpay, but they work a lot with databases and tend to impose their apps. I found a Crypto Pay System called Blueberry Pay which looks very promising.
My first time to see that and it doesnt's seem to be a good alternative compared with those payment gateway developed by the big exchange sites. Does anyone know of another payment system where the degree of decentralization is high?
In my opinion even if there are some claimed to be decentralized line blueberry pay but the fact that if it's still remain centralize. I think if you are feeling good with it and just use it. I can't give you a suggestion caused by almost all of things were centralized. Even defi was actually centralized 
I'd recommend trying to make your own or hiring people to develop/manage the payment gateway to be used on your shop if you want it to be decentralized. Payment gateways are Centralized to help the process of conversion from fiat to crypto be a lot smoother since you may be paying in crypto, but that doesn't mean that the shop will store it as crypto.
On the Shopify note though, based on the link @Bttzed03 gave shouldn't the only gateways accepted be the ones listed there? Cause if so then I think looking for alternatives or developing your own wouldn't really do anything. I'm not familiar with how Shopify works so I might be wrong, feel free to correct me then.
On the Shopify note though, based on the link @Bttzed03 gave shouldn't the only gateways accepted be the ones listed there? Cause if so then I think looking for alternatives or developing your own wouldn't really do anything. I'm not familiar with how Shopify works so I might be wrong, feel free to correct me then.
If you are looking for a crypto payment gateway like that it seems Blueberry Pay is a good choice because it offers what you need for your website. But it seems that it is not 100% decentralized either, moreover it uses an escrow system you have to make sure that their credibility and security is good because this is related to your payment gateway.
The problem is that some projects are becoming a hassle for people because they are decentralized, and it's being used as a tool to scam. So, that's just the downside of a decentralized project because once you have created trust towards the community, they can rug pull you and get a lot of money from the community.
Thats true. Even though we wanted to make crypto payment as decentralized as possible, there are factors to such need in terms of convenience. Something like OP wanted but having a hard time to deal with a single deed without having centralized process. Scams are probably prone to this and make us use their system and putting up our trust and in the end pull off a lousy modus to their customers.Cant get help but rely on convenient way of some centralized service system which dont have any hassle to a simple wants like buying a product that easily accept and transact orders.
The problem is that some projects are becoming a hassle for people because they are decentralized, and it's being used as a tool to scam. So, that's just the downside of a decentralized project because once you have created trust towards the community, they can rug pull you and get a lot of money from the community.
Maybe you can make your payment gateway so that you wouldn't need to rely on other apps. You need to develop it, though.
Maybe you can make your payment gateway so that you wouldn't need to rely on other apps. You need to develop it, though.
Hi
I have observed that the crypto scene is becoming more and more centralized.
I am looking for a crypto payment system for my Shopify store and have come across Coinbase, Binance, and Bitpay, but they work a lot with databases and tend to impose their apps.
Almost any app that involves conversion of crypto to fiat is centralized. It's just how it is.I have observed that the crypto scene is becoming more and more centralized.
I am looking for a crypto payment system for my Shopify store and have come across Coinbase, Binance, and Bitpay, but they work a lot with databases and tend to impose their apps.
I found a Crypto Pay System called Blueberry Pay which looks very promising.
I don't see this as as accepted payment method on shopify though.Does anyone know of another payment system where the degree of decentralization is high?
The following seems more decentralized than the three payment options you mentioned:You can also check out Crypto.com
^ Make sure to read about them before installing in your browser/device. Just click on each link for the set up guides.
https://help.shopify.com/en/manual/payments/additional-payment-methods/cryptocurrency
Hi
I have observed that the crypto scene is becoming more and more centralized.
I am looking for a crypto payment system for my Shopify store and have come across Coinbase, Binance, and Bitpay, but they work a lot with databases and tend to impose their apps. I found a Crypto Pay System called Blueberry Pay which looks very promising.
Does anyone know of another payment system where the degree of decentralization is high?
I have observed that the crypto scene is becoming more and more centralized.
I am looking for a crypto payment system for my Shopify store and have come across Coinbase, Binance, and Bitpay, but they work a lot with databases and tend to impose their apps. I found a Crypto Pay System called Blueberry Pay which looks very promising.
Does anyone know of another payment system where the degree of decentralization is high?
Jump to: