Author Topic: IDEA to buy stuff with Swiftcoins at street shops, and also Swiftcoins  (Read 1512 times)

Offline pipthom

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The starting point
 
It's a fact that most of us want to see broken the frontier between the internet and street shops. I mean, most of us want to be able to buy stuff at street shops with our Swiftcoins, and maybe also buy Swiftcoins.  
 
The problem about buying Swiftcoins in regular shops is that they dont actually have Swiftcoins, so it's impossible (or difficult) for them to sell Swiftcoins. But they have stuff, so they can acquire Swiftcoins by exchanging their stuff for them.
 
So i was thinking in an app for android that would decentralize the exchanges, and make all this possible.
 
The app
 
This applet would make possible to sell things using Swiftcoins, but for that, instead of working like the Swiftcoin client or Swiftcoin spinner or whatever, the merchant would put the price in his LOCAL currency (he is very used to this as he has been doing it with the visa machine all the time) so the applet would make the conversion and ask for the Swiftcoins required for the transaction.  The buyer pays, and they are done.
 
Now the merchant has Swiftcoins that can be sold.  So now the merchant can (later) ask for dollars or euros or whatever because that's what he wants (amazingly).
 
The app would record the price of Swiftcoin the day the merchant acquires them in exchange for his stuff, so applying the FIFO (first in, first out) method, when someone comes to the shop and asks for Swiftcoins, the app would suggest the merchant the minimum amount of currency he needs to ask in order not to lose value (in local currency).  
 
For example, if the merchant has 5 Swiftcoins, and the app has recorded that 2 of them were acquired when Swiftcoin was at 7$ and the rest was acquired when it was at 10$, if a buyer wants 3 Swiftcoins, then the system would tell the merchant that the minimum he should ask is 7+7+10= 24$ (of course he would be able to see the average price of the network)

Offline andyreynolds

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IDEA to buy stuff with Swiftcoins at street shops, and also Swiftcoins
« Reply #1 on: August 20, 2013, 06:22:19 PM »
Yes, it's like any new software, i know that whit the Swiftcoin it's only a thing whit the the time. tenemos que esperar un poco mas y veremos como sacarle provecho  a este gran sistema

Offline andyreynolds

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Re: IDEA to buy stuff with Swiftcoins at street shops, and also Swiftcoins
« Reply #2 on: August 29, 2013, 03:18:54 PM »
This is a great idea, and think about the android system is wonderful, because everyone has this system. And so, Swiftcoin will be recognized worldwide as the best digital shopping system.