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RE: Challenge 1: My favorite Cryptocurrency, how can we get businesses to accept it as payment?
it needs to have good liquidity to control hitting the lower circuit on exchanges.
Can't agree anymore.
We may need to develop SDK (Software development kit) to easily integrate it with the wallet to any mobile app or website for payment integration.
An enterprise may not be interested in our blockchain as a social platform but they might get interested with SBD or STEEM as a currency with zero transaction fees. So we can develop tools, plugin to make it easy for the enterprises to integrate.
Building a strong community is also a passive approach to make a currency a utility coin.
Have a great day.
Steem on.
I believe the most important thing on which we need to focus is, to gain the market share. Steemit is a great platform for blogging. We need more bloggers and I think @steemitblog is really trying hard to attract more users by giving opportunities to write blogs on wide range of topics. Now we need to spread the word and try to recruit users who has expertise in different topics/areas.
Also I think if Steem can add City/State/Country as a mandatory field in profile section then businesses also can use Steem blockchain to list their services based on the geography serviced by them.
#twopercent #india #affable