There is a dream for every crypto enthusiast out there – being able to use crypto in daily shopping. But there are always problems with implementation of such payments in everyday life.
Two main hurdles to overcome are volatile exchange rates and vendors' single-minded focus on bitcoin. First of all, even when the shop takes payment in crypto, they risk not having the same exchange rate to convert to fiat to pay off the bills and salaries. The digital currency market is volatile like that, you can gain a lot, but there is a fair chance to miss out equally spectacularly.
And the second problem mainly revolves around Bitcoin being the most popular crypto. Lots of people prefer altcoins, be it for the chance at sudden surge, or for some other benefit, like transaction speed or increased security. So lots of enthusiasts end up locked out from real-world use of their hoarded coins.
But there is a salvation coming in the form of PayCo. They intend to implement an interface between customers and shops, so the latter will be able to receive payments in fiat directly to their bank account, without worrying about exchange rates and whatnot.
There are two options avaliable to merchants. First – the moblie harware interface as an all-in-one solution to the problem, or the second variant - an API to integrate into existing payment system already in place.
Also, the promised killer feature is the support for multiple cryptocurrencies. So now lots of altcoin adopters wouldn't feel left out. And it should eliminate the quite common scenario of $2 order consuming another $5 for transaction fees.