Non reversible Payment Gateway Like Bitcoin

Xavofat

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Did you see that ludicrous display last night?

Quote from: Swagtoshi on August 21, 2017, 10:56:40 PM

There is a crypto-currency called tether. Tether is always worth exactly $1

No. Tether is supposed to be backed by US dollars held by the Tether company, but this does not have to be 100% reliable. Pegged cryptocurrencies have not always worked in the past and Tether has been very unreliable lately.

If you're looking for a short-term solution I guess Tether would be fine but you can't expect it to work forever.

Of course there are other relatively simple payment systems like Payeer and Webmoney that you'd probably be interested in if you use Perfect Money. You can't expect any of them to have the same security or decentralisation that BTC has though.

HeRetiK

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Quote from: krishnapramod on August 22, 2017, 12:44:36 AM

Apart from Perfect Money these are some of the options if you are looking for non-reversible payment methods when dealing with bitcoin.

1. Bank wire.

2. SEPA transfer.

Depending on the banks involved I think bank wire and/or SEPA transfers may actually be reversable. At least I've heard anecdotes of people's bank account going negative after they've withdrawn the agreed upon payment, due to the bank transfer being reversed.

Quote from: Swagtoshi on August 21, 2017, 10:56:40 PM

There is a crypto-currency called tether. Tether is always worth exactly $1 and uses the blockchain technology similar to other crypto-currencies. Its becoming more and more popular in the last few months.
https://tether.to/

Be careful when using tether. These are basically USD IOUs that are not necessarily 100% backed by its face value. Use them for transactions but try to avoid holding significant amounts of tether at any given time, lest we see the joys of fractional reserves in crypto.

mobnepal

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Yes there are many out there but I am only using perfectmoney and okpay right now, both of them can't provide same level of security or privacy like bitcoin do so I suggest you to quickly sell your bitcoin when you receive it to not loss anything due to price volatility.

Another option could be converting your bitcoin to USDT and exchanging them back to bitcoin when you want to cash out.

CyberKuro

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Quote from: LuanX3 on August 22, 2017, 12:52:12 AM

Quote from: designbuyers on August 21, 2017, 10:12:18 PM

Everyone is looking for a way to get money with a payment gateway like bitcoin, but with more stable amount of money, for example perfectmoney, so Is there something similar to perfectmoney ?

What's the point of discussing this on the bitcoin forum? Why not use bitcoins? Bitcoins prices are indeed unstable, but if you are doing a quick deal like the whole thing happens in one day. You buy bitcoins in the morning, use it to pay for something by noon time, get what you bought by the afternoon. Surely if the transaction was something like that, then prices would not have mattered.

Agree, better to use fiat currency if you want stable amount. Bitcoin is better than perfectmoney that Op mentioned, its price increase over time instead just being stable and beaten by inflation. Bitcoin price will be more stable once we have massive adoption, as it has bigger market cap and higher price.

LuanX3

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Quote from: designbuyers on August 21, 2017, 10:12:18 PM

Everyone is looking for a way to get money with a payment gateway like bitcoin, but with more stable amount of money, for example perfectmoney, so Is there something similar to perfectmoney ?

What's the point of discussing this on the bitcoin forum? Why not use bitcoins? Bitcoins prices are indeed unstable, but if you are doing a quick deal like the whole thing happens in one day. You buy bitcoins in the morning, use it to pay for something by noon time, get what you bought by the afternoon. Surely if the transaction was something like that, then prices would not have mattered.

krishnapramod

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Quote from: designbuyers on August 21, 2017, 10:12:18 PM

Everyone is looking for a way to get money with a payment gateway like bitcoin, but with more stable amount of money, for example perfectmoney, so Is there something similar to perfectmoney ?

Apart from Perfect Money these are some of the options if you are looking for non-reversible payment methods when dealing with bitcoin.

1. Bank wire.

2. SEPA transfer.

3. OKPay.

4. Webmoney.

5. Payeer.

6. Western Union/MoneyGram - A money transfer can be stopped but once funds are withdrawn as cash there's little risk

6. Cash in person.

7. Cash in mail.

https://en.bitcoin.it/wiki/Payment_methods

Swagtoshi

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There is a crypto-currency called tether. Tether is always worth exactly $1 and uses the blockchain technology similar to other crypto-currencies. Its becoming more and more popular in the last few months.
https://tether.to/

designbuyers

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Everyone is looking for a way to get money with a payment gateway like bitcoin, but with more stable amount of money, for example perfectmoney, so Is there something similar to perfectmoney ?

Topic: Non reversible Payment Gateway Like Bitcoin (Read 361 times)