![]() The only think you have to do is to tap the button. 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. How does it work when I pay for Blokada Plus?īlokada uses a protocol called sep-0007. 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. You may also have an asset that the merchant doesn’t know about or vice versa and still make a purchase. You don’t need access to the asset issuer (equivalent of “PayPal”). 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. 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.using an exchange with a local banking system such as SEPA in Europe.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. 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. ![]()
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