I have identified the biggest issue in the crypto space. It is ‘privacy & price discovery’ at a shopping cart level of financial transactions online for physical goods that also need delivery. Bitcoin has been un usable and here is why: The ‘secretive’ aspects of crypto makes the users unwilling or unlikely to submit private info such as mailing address attached to their crypto transactions. It’s unsafe at the moment. Using credit card style checkout navigation panels on traditional sites do not come close to offering solutions to establish trust of a crypto user. If you role play from the point of view of a Grin user needing to make a purchase online you can see where the road blocks are: 1) knowing how much something cost? 2) how to trust the vendor with the transaction, but further more, how to trust them when attaching personal mailing info?
Price discovery of physical goods can’t be done at the moment because using two moving coin prices to assign a fixed value to something in the real world is too complex to be realistic.
Here are the action items to fix this is:
• Grin Pricing widget for displaying realtime prices for products and services using Grin (with a fixed USD amount that the vendor can update without needing to know BTC conversions of the entire store).
• A 3-part checkout for customers with ability to encrypt private address/shipping info unhinged from the payment transaction.
Grin is the best hope in this world to solving these roadblocks.
My question is could a Grin transaction (or invoice) type be created that is a ‘3-part slate’? The final ticket would be encrypted mailing/shipping details for the vendor to complete the shopping cart order with some options to customize how much info, or how long the info, is shared when on shopping sprees.