Is CEO the man or woman?

Question

MultiversX - Community

alan xu

Is CEO the man or woman?

#blockchain #cryptocurrency #elrond #english

0

27.01.2022

10 ответов

5 просмотров

RP

Tigre Ravida
I guess a stablecoin is gonna be soon in the roadm...

So what’s the difference with paypal then? I mean we deposit usd to paypal to buy things right

0

27.01.2022

Paul | MultiversX (will NEVER DM first)

Hi, thanks for reaching out. That’s a really good question. The great thing about this partnership & union with Utrust is that Utrust uses a smart swap mechanism that enables merchants to accept EGLD as payment but the transaction itself is automatically transformed in fiat into their bank accounts. The invoicing, the book-keeping & the settlement will be in fiat. So the merchant doesn’t need to bother about volatility because the transfer is done in a smart and fast way. This is the inovation of Web3 payments. Faster, cheaper, smarter. 🔥💯

0

27.01.2022

RP

Paul | MultiversX (will NEVER DM first)
Hi, thanks for reaching out. That’s a really good ...

I see. Thanks for the anwer Paul, really appreciate it. However I have follow-up question from this. Eventhough the settlement of the transaction will be converted into fiat, but there is still volatility in terms of purchasing power. Let me explain this with an example. Let say today with egld being at $140 I could get 1kg of meat. But tomorrow let say egld dropped to $70. So, instead I could get 1kg of meat, I only get 0.5kg of meat, so it’s kind of extreme volatility. How elrond gonna overcome this?

0

27.01.2022

X-89

Then surely I could in theory create a spoof merchant account - set up a fake website, implement the necessary api integration with utrust, buy some fake product in crypto to the get paid back in fiat. Thusly circumventing paying tax in my respective country?

0

27.01.2022

bardia

X-89
Then surely I could in theory create a spoof merch...

at the end of the day, paying tax on good sold is the merchants responsibility, but we (i’m a utrust admin) will not enable anyone to do tax fraud. we have very strict kyb (know your business) processed to prevent fraud

0

27.01.2022

RP

Hi Sever, really appreciate you’re answering this. But pardon me, I’m still not understand. Let me rephrase my question. For example, a car is costs $140 today and elrond price is $140. Hence if I buy the car, I will pay 1 egld for 1 car, and the merchant will get 140. But on the next day, egld price is up to $280, but the car price still same at $140. Hence, now I only pay 0.5 egld for the same car, and the merchant will get $140. Or… Egld is down to $70, but the car price still same at $140. Hence I have to pay 2 egld for the same car, and the merchant will get $140. My point is, I’m asking about volatility of purchasing power on the consumer side, not on the merchant side. Is there any idea on how to overcome this? Thank you in advance, really appreciate your time to answer this question 😃

0

27.01.2022

RP

Thanks for answering mate! Really appreciate it. Yes I’m aware that volatility is because of the market movement. This is the part that I’m really curious. If crypto has extreme volatility, will it prevent people to use crypto (or egld) as a day-to-day payment?

0

27.01.2022

Carlos $Egld ⚡️

RP
Thanks for answering mate! Really appreciate it. Y...

If only people can get more educated about inflation, security, decentralisation, then yes they would prefer volatility.

0

27.01.2022

Eduardo

RP
Hi Sever, really appreciate you’re answering this....

If your question is if there is a solution to market (or EGLD) volatility, there isn't, but we don't need one, because there are stablecoins on Elrond.

0

13.02.2022

Tigre Ravida · Accepted Answer

Tigre Ravida

I guess a stablecoin is gonna be soon in the roadmap

0

27.01.2022

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