How easy is it to use FTC in everyday life

arnoutvdk

Greetings,

Some minor FTC questions.
Think about the following scenario: You want to go to a pub that allow FTC payment.

What would be the best way to achieve this?

One option would be to use QRcodes and giving in the selected amount. Still its a bit cumbersome, with many steps you need to take.

scan QR code of merchant
2)give in the amount needed and send it.
Verify the payment.

Ok, its not that long, but still longer than using a payment terminal.

Is there a way to make the payment really fast?
I’m thinking about two options:

Some kind of usb stick (your wallet). You put it in a terminal. MErchant indicates ammount and then you press a button on the usb stick to verify the ammount.
(is this even possible?)
Merchant creates a QR code that cointains his adress + the ammount. Uppon scanning the QR code all you need to do is send the money.
(maybe option two alread exists).

Sorry if this has been asked before… and sorry if some things are already possible. But when I’m doing my daily things I try to think: how would this be if I used FTC now… For larger things, like internet shopping its very easy. But what with easy things like buying a bread, or going to the grocery.

Have a nice weekend all

Mare76

That USB stick wallet is good idea just put some fingerprint scanner on it , in case you lost it so nobody else can’t use it :D

[quote name=“arnoutvdk” post=“46671” timestamp=“1387634943”]
Think about the following scenario: You want to go to a pub that allow FTC payment.

What would be the best way to achieve this?
[/quote]

Go to the Oxford Blue!

I’ll be back to expand up on that. Gotta head off to work!

lizhi

This is a good question, which is the direction of our efforts.

jti8899

Good progressive thinking. Keep thinking and trying to create ways to solve the riddle, youu could create the next USB wallet payment system that rocks the planet!
peace
~//~

hilariousandco

[quote name=“arnoutvdk” post=“46671” timestamp=“1387634943”]
Greetings,

Some minor FTC questions.
Think about the following scenario: You want to go to a pub that allow FTC payment.

What would be the best way to achieve this?

One option would be to use QRcodes and giving in the selected amount. Still its a bit cumbersome, with many steps you need to take.

scan QR code of merchant
2)give in the amount needed and send it.
Verify the payment.

Ok, its not that long, but still longer than using a payment terminal.

[/quote]

That doesn’t seem much more cumbersome or of a faff than a chip and pin system. Maybe the USB wallet could be something like the Bitcoin Trezor wallets that are coming out. I’m sure they’ll be all sorts of crypto-related gadgets coming out over the next year or so that will make payments quicker and safer and less hassle.

mmyhre

A payment terminal connects to the bank and check that you have funds, and transfer funds from one account to another.

Pretty much the same and it should be possible to use the same technology with a crypto card.

Davereplicant

Is there not an SMS app for this already?
Not sure how the oxford blue does this, never been.

I envisage some sort of phone app where you load some coins up from your main wallet, hit the pub and when you want to pay you “bump” the landlords phone which is running the app also.
It could be a simple SMS, Bluetooth or screen to camera transfer using a code.
We’re all carrying smart phones nowadays, surely it’s never been easier to sort this out than now. I’m not a coder but I like specifying ideas like this and would be happy to work with someone to make a real world simple solution soon as.

The recent pin to fiat solution in the market in my opinion brings FTC a little closer to the real world. If we could develop a solution (and incentive) for buyers and traders to start dealing in FTC for simple quick purchases in a lot of ways it would be job done.

arnoutvdk

As mentioned in the other thread, NFC could really be the next best thing for this. Even easier than USB

People with smartphones can use NFC easily. Also makes it possible to use multiple wallets
still, lots of people don’t have smartphones. Then a simple card system with an NFC wallet (can also be multiple wallet types) could prove an easy solution.

Just one question: When working with a card system, can it be developped so that only one of the clients actually needs an internet connection?

Greetings