Will the rise of the big encription plattforms lead to loss for many altcoins?

KingScorpio

sr. member

Activity: 1470

Merit: 325

Quote from: Baimovic on May 03, 2018, 06:47:14 PM

yes, I agree with you, but I see ETH and waves more dominate in every payment.

I never saw NEO used as a payment wallet by any one company store.

so, majority, little people are not interested in NEO.

online store for example for intellectual goods

(people will pay a lot then)

->1. ethereum adress
->2. waves adress
->3. Neo adress

[hodl]

=> countless token will be paid in

quick and easy to use,

and now imagine you list several hundred coins with individual values.

Baimovic

full member

Activity: 1210

Merit: 100

yes, I agree with you, but I see ETH and waves more dominate in every payment.

I never saw NEO used as a payment wallet by any one company store.

so, majority, little people are not interested in NEO.

Kokondao

newbie

Activity: 167

Merit: 0

It's so much more practical to use, and your choice is very precise, using that platform address I think it can really advance your business.

KingScorpio

sr. member

Activity: 1470

Merit: 325

Quote from: mobnepal on May 03, 2018, 06:05:13 PM

Quote from: KingScorpio on May 03, 2018, 05:44:42 PM

but arent those gateways risky, or cause extra transaction costs?

or are difficult to use?

regards

They can simply withdraw all coin back to their own wallets if they want to daily, I don't like to promote any of those third party gateways but few of them can be trusted as many other merchant are trusting them.

Paying 0.5 to 1% isn't that much compared to what it might cost you to setup your own wallets for accepting those cryptos + you will get large exposure if you will accept 100s of coin rather than just one or two.

uff i dont understant how that is working and how it costs a percentage are they "banking" those coins?

i think this could even more lead to a stabilisation of encription services

mobnepal

legendary

Activity: 1218

Merit: 1006

Quote from: KingScorpio on May 03, 2018, 05:44:42 PM

but arent those gateways risky, or cause extra transaction costs?

or are difficult to use?

regards

They can simply withdraw all coin back to their own wallets if they want to daily, I don't like to promote any of those third party gateways but few of them can be trusted as many other merchant are trusting them.

Paying 0.5 to 1% isn't that much compared to what it might cost you to setup your own wallets for accepting those cryptos + you will get large exposure if you will accept 100s of coin rather than just one or two.

KingScorpio

sr. member

Activity: 1470

Merit: 325

Quote from: mobnepal on May 03, 2018, 05:42:57 PM

Big encryption service Roll Eyes

Neo, Ethereum, Waves and many other are smart contract platform where tokens can be created.

I think you are talking about accepting only tokens based on this platform for easiness, but there are actually tens of third party gateways like coinpayments with which you can accept 100s of crypto at same time with just few lines of code/widget. Wink

but arent those gateways risky, or cause extra transaction costs?

or are difficult to use?

regards

mobnepal

legendary

Activity: 1218

Merit: 1006

Big encryption service Roll Eyes

Neo, Ethereum, Waves and many other are smart contract platform where tokens can be created.

I think you are talking about accepting only tokens based on this platform for easiness, but there are actually tens of third party gateways like coinpayments with which you can accept 100s of crypto at same time with just few lines of code/widget. Wink

cryptohunter

legendary

Activity: 2100

Merit: 1167

MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG

no i dont think so

eth is great but i would say the dev team of some other alts is superior even to eth

KingScorpio

sr. member

Activity: 1470

Merit: 325

there are now three big encription services that host countless altcoins thats:

1. Ethereum
2. Waves
3. Neo

now many shops could make it themselves very easy and say i will list those 3 adresses so thats easy, this way i get countless token payments that are based on those plattforms but

avoid listing all those countless other adresses, that are using their seperate blockchain, like bitcoin, monero, dash... hundreds of others etc

since its much easier this way.

website doesnt has countless extra pages for 1597 different cryptocurrency adresses.

regards

Topic: Will the rise of the big encription plattforms lead to loss for many altcoins? (Read 156 times)