Starting Monday, users will be able to buy GRC using PayPal and Credit Card on gridcoins.org and Android App.
Some of the features I have been working on lately is ability to buy GridCoins straight using Fiat currencies. While PayPal will require a sort of additional check, and Credit Card will be enabled only for cards supporting 3DSecure, in upcoming period AndroidApp will allow GRC top-up straight from in-app purchases.
- Most users who are just starting could be a bit discouraged by inability to stake without accumulating some amounts. At least, this is the most common question I got on social media whenever I publish something that's related to Gridcoin.
- The next step is Business API, an ability for businesses to charge in GRC and get their transactions funded directly on their gridcoins.org or any other wallet.
- In my personal opinion, in order to boost the price of GRC, we need to get more FIAT/GRC trading.
Those who remember my post about GRC Suplemental Development Proposal (https://steemit.com/gridcoin/@crt/grc-supplementary-developments-proposal), this aims to be one of the first steps of creating an entry point for charging and business integration.
In order to keep the liquidity, the platform will allow only buying GRC using Fiat, not selling them.
I am probably going to come up with PR article about this, as this could also be a great marketing tool (since fiat->crypto is basically something we can barely see).
Another benefit, is the fact this could be an entry point of trading and an alternative to VirWox, with much less in fees as the GRC could be traded directly into other cryptos. In my personal opinion, this should strongly boost the GRC economy, and, if done right, completly replace the well known VirWox mechanism of trading fiat into crypto.