![]() ![]() If you can’t access PayPal, you can’t use your money. Having a credit card or equivalent issued.Possibly an exchange or transaction fee.Possibly currency exchange fees back to the company bank account.The loss of sales because of PayPal having technical issues.Loss of sales because of refused or locked transactions.Įven though there are fees on the merchant side that you don’t directly pay, it affects the price or availability of the service in the first place.You can reduce the amount of fees you have to pay by: While the cryptocurrency world is still young, there’s no denying that the initial translation between our money in the bank into cryptocurrency are still plagued by the traditional banking fees. using an exchange with a local banking system such as SEPA in Europe.transfer a larger amount once to keep an amount of crypto for many smaller purchases.exchange with a friend or someone from a local community.avoid purchasing crypto with a credit card. Having assets on Stellar, there are no middleman that decides if you can open an account or not and neither you nor the merchant have to pay fees to an additional party. You don’t need access to the asset issuer (equivalent of “PayPal”). You may also have an asset that the merchant doesn’t know about or vice versa and still make a purchase. If you’re interested, you can dig deeper into Stellar on their website: It can be compared with having a “PayPal” asset while the merchant only knows about “Facebook” assets, it will be automatically converted through the distributed network. How does it work when I pay for Blokada Plus?īlokada uses a protocol called sep-0007. When you make a purchase, this protocol can automate entering the details such as what amount, in which asset and paid to which wallet along with a short message. The only think you have to do is to tap the button. In the case of purchasing Blokada Plus, it would configure the asset to be anchor USD, with the amount of USD matching selected payment plan, set your Blokada account ID in the memo and specify which wallet to pay to. All configured with the touch of a button before finally opening your wallet for confirmation. The Stellar network will automatically find the cheapest way for you to convert whatever you have in your wallet to become USD in the Blokada wallet.īecause of all this information, it would be cumbersome and error prone to have our users enter this manually in their wallet. That’s why we only support this method of payment, there are no manual information that you enter yourself. How do I get started?īecause of Stellar being a young project and Blokada using bleeding edge protocols, we recommend using Keybase which have the most stable support for this. ![]() Keybase will also be focusing on integrating the key features of Stellar directly into its app.But Keybase was acquired by Zoom and Zoom is bad The chosen wallet needs to support sep-0007. The team continued with highlighting out that Stellar might be a better performer even than Ethereum as it is to insecure or expensive while many startups and ICO’s are targeting Stellar.īoth the parties are looking forward to solving payment problems such as a need of long uglyaddress to make payment, address people with more than just their phone numbers, the difficulty of using a single wallet through multiple devices and the requirement of a private key for a browser extension. With the same energy the other party feels about the coin and its platform as Keybase stated that Stellar seems like it does fulfill BTC shoes of the original target it had of fast, cheap worldwide payments. “We can’t think of any group of developers we’d rather see contribute to the Stellar ecosystem.” – Stellar announcement The project and the process will be supported financially by Stellar in XLM and US Dollar, while details regarding the steps and further development will be released close to completion or when it is finished. ![]()
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