View Single Post
Old 01-16-2018, 11:26 AM   #6
cloudstruck
Zilvia Junkie
 
Join Date: Apr 2013
Location: asheville nc
Age: 33
Posts: 413
Trader Rating: (3)
cloudstruck is an unknown quantity at this point
Nice I can tell this group has vastly different views from one of the other car groups I'm in
which is cool
the research helps

To answer lonestars question
it would still be placed against the dollar unfortunately
since the retailer would more than likely have to accept the currency with bitpay (for ease of use)
or just do wallet transfer if they're a trusted member

but at the end of the day the distributor has to be payed (unfortunately I don't know of any who will take crypto yet for parts)
So some of the currency would have to be converted to pay for the parts purchased

The nice aspect I could see is most people online will use paypal
which has a 3 ish percent goods sale fee
it sucks

but if an experienced seller took a coin with cheaper fees (I personally love stellar, has the same creator as ripple but is cheaper, faster etc)
then was able to convert that to usd effectively without fees in GDAX (of course would have to be process to litecoin or something different first unless Coinbase picks up ripple soon)

Effectively the benefit could be around a 2 percent or so price savings on parts if done correctly
which could be passed on to customers (In theory, but it sounds nice)
cloudstruck is offline   Reply With Quote