How Multi-Currency Payments Will Unite The Blockchain Community
The Unstoppable Team
If you accept cryptocurrency for payments, you probably don’t accept all of the dozens of available options. So before someone pays, they need to know which currencies you accept as well as what your addresses are. Rather than sharing a list of 10+ addresses, you’ve probably chosen 2–3 favorite currencies & you only accept those.
This makes sense for convenience and simplicity, but it also has a side effect… it’s fodder for the protocol wars.
Passionate supporters of one blockchain or another try and push users toward their cryptocurrency of choice. Often, just choosing to accept one currency or another, is the equivalent of publicly choosing sides in the protocol wars. After 10+ years, and dozens of currencies, the blockchain community has fragmented into countless such groups. And the total number of cryptocurrency users in the world is only around 30 Million.
When new users join & try to use cryptocurrency, they are often met with complicated debates around which protocols are better. Can you imagine how much easier it would be to grow the blockchain community if this weren’t what dominates public discussions?
If you have a blockchain domain, you can sit this debate out altogether! Add 10, 20, or 50 cryptocurrencies all to your .zil domain & people can pay in whatever currency they want.
The next time someone asks which cryptocurrency to use, just say, “whichever is easiest for you.” Share yourname.zil & get paid in any cryptocurrency that you’ve associated with your domain.
And how does this work…?
You control the domain so you are the only person able to associate cryptocurrencies with it. Store your bitcoin, Ethereum, and Zilliqa addresses on the blockchain itself. When someone types yourname.zil into a wallet, the wallet looks up that domain on the blockchain, finds the appropriate address, and sends. It’s that simple.
Stay tuned — we will be launching a feature that enables private payments in the coming months.
Want to see it in action? You can add your bitcoin, Ethereum, & Zilliqa addresses to your .zil domain now.
It’s easy, just follow these easy steps. But you’ll need to register a domain first!
Steps:
- Login at unstopppabledomains.com
- Go to the ‘my domains’ section
- Click manage domain
- Add your Bitcoin, Ethereum, and Zilliqa addresses (more currencies coming soon!)
If you’re interested in available blockchain domains, check out our website.
