We have an adoption problem and we need to attract vendors to use our coin as payment and in tern customers who want to spend their btcz. The issue with this is to drive adoption we need to have a stable platform for vendors to use, something reliable that ensures both business and their customers have a good experience. We currently do have a payment gateway and plugins, but and there is a but, it isn’t polished or stable enough. Now i’m not taking anything away from the development that has gone into it, for someone who wants to tinker around with it that perfectly fine and I think it’s great, but we have been trying to get fasttech to use our coin as payment, issue was the api/gateway was still on the old chain for quite some and has probably not provided a good first experience for them.
Mission Statement or Vision
I propose that we invest in a third party to provide these services both the gateway and the plugins. Now decentralisation is our motto so I see no issue with outsourcing some of our services. I propose that we get on https://mycryptocheckout.com. This will provide use with a stable platform and an existing base of businesses that already use it. I also propose on top of the listing of our coin that we approach 5 businesses and offer to pay their account fees for the first year to get them on board. the first offer i want is Fasttech.com with another 4 being voted on once we gather some prospective interest.
Objectives to be achieved
The objective to be achieved is that we will have a managed service that is providing our payment gateway and plugins for use, provides some decentralisation of our services and frees up some of the devs time for other things. we also get some adoption in our coin by getting it out there for people to use.
The approach I want to go with is to approach fasttech.com and offer them the paid account and being able to use the services of mycryptocheckout to get our coin accepted on their website. Then for the remaining 4 spots I encourage everyone to make similar approaches to other vendors for the payment of a years account fees to use and list us via the service. Then we will collect the information and have the community vote on who gets the goods.
We get the platform for us to drive adoption of our coin, a managed service to allow business to use a stable platform and freeing up dev time and resources.
Performance and progress measures
The expectation is that we can get some business to sign up to the service and accept our coin as payment for their goods and drive adoption.
Risks and ways to address them
the risk is that we could pay for the service and not have anyone take up the adoption, the service itself could just vanish or performance and stability is not what we expect.
A basic plan of work (timeline and key milestones)
The basic timeline would be to have the vote passed first. I would then make the approach to fasttech.com to see if they will accept our coin for the payment of their account fee for the first year. If they do agree we can then pay for both the mycryptocheckout listing as well as their account. Then other community members are free to approach other vendors with the same offer of 1 year account fee payment, these can then be collated and have the community vote on the top 4 who will get the service.
Cost estimates and funding sources
Cost estimate is as follows. $750 for the listing at mycryptocheckout and then $75 for each of the business account fees. it total $750 + (5*$75) = $1125
Opposing arguments and responses
The opposing arguments are that we don’t use a third party and save money for other things and probably a bunch of others things people will post.