Accelerating Bitcoin Cash adoption.

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Avatar for Val
Written by
2 years ago

There is one thing that can possibly attract a lot of people to work and build Bitcoin Cash economy. Here is the idea.

Bitcoin Cash advanced commercial app & website.

Solutions for both online and offline commerce. A self funding system without necessary investments to reward new users. All rewards are coming from payments that users make.

What it requires:

  • affiliate system.

  • payment split.

  • cashbacks.

1.) Affiliate System.

The only place that I have seen affiliate system implementation with Bitcoin Cash is Noise.Cash social network. I am not sure how exactly it works, would like to learn more, but I think this is exactly what a commercial app needs, a lot of payment apps and internet banking apps offer rewards for inviting people to sign up, Bitcoin Cash needs something similar.

A referral system where each user would be able to earn income by promoting Bitcoin Cash commercial app - platform. Let's say Bob has a shop, Mike invites Bob to use Bitcoin Cash commercial app, Bob would benefit by using Bitcoin Cash and attracting more buyers, Mike would benefit by getting a referral income for each item Bob is selling on Bitcoin Cash platform. The reward e.g could be 0.01% for each payment Bob receives via Bitcoin Cash marketplace.

Such a system would attract both merchants, and bloggers who want to earn extra money by promoting the platform.

2.) Payment Split.

Split Payments is required to facilitate cashbacks, I have learned about splitting payments by watching Roger Ver video where he is explaining how Uber could benefit using Bitcoin Cash

https://twitter.com/rogerkver/status/1300084285383245824

and I thought, that's great, not only Uber but many other merchants can benefit from it. How? A lot of merchants might need to boost their sales, by creating a cashback for certain products, which they choose, and the amount of cashback, for example 1% or 30%, they can attract new buyers, especially if there is an online marketplace, where they could promote their products.

3.) Cashback.

How Cashbacks could work? Sellers can use CashTags https://tags.infra.cash/ to set prices for each product, and insert a script where they choose the amount of CashBack. Online BCH marketplace (something like Amazon or Ebay) with all cashback offers available for buyers could be a big deal.

Of course all of this needs to be implemented on a single app, so it would be convenient for users. I am not a developer, but I think this is achievable. I have been talking with some devs and as far as I understand it is possible, affiliate system already exists, payment splits can be implemented on the app too.

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Avatar for Val
Written by
2 years ago

Comments

Uhhh i don't think it's gonna work. It's needed more adaptation

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