First, my background thoughts: I believe that key to the success of BCH is wider user adoption. But for widespread user adoption, we need orders of magnitude more merchants to be accepting BCH as payment for services and goods so that newcomers will see a compelling case of an ecosystem where they can use BCH in their everyday life, not in fringe cases. Having one or two merchants (in the best case scenario) within one's home city just won't cut it. Of course, in order for merchants to be accepting BCH, they need to see meaningful business in BCH, they won't go into all that trouble for the occasional monthly customer. And here is the problem: Unfortunately, even people that could be spending BCH with the merchants that are currently open to try this new currency often prefer to use fiat, that's Gresham's law in action. Way too many times I have read stories here of people noticing a merchant that is accepting BCH but they themselves did not give any business to said merchant.
I have seen this in myself also, as in the few cases when I had the chance to use either fiat or BCH, usually I chose fiat not for the convenience, but because I did not want to see my "BCH total" go down.
Of course, in order to combat this there is the "spend and replace" strategy, which I fully support. But it's hugely inconvenient to have to remember to go and buy BCH after you are done with your shopping, and calculate what you spent etc etc, I have never done it and I figure few people do.
So here's my idea: How about wallets have an automatic "spend and replace" option? For the bitcoin.com wallet it would be as easy as integrating an exchange.bitcoin.com account with the wallet. But it could get even better and more versatile for all wallets: With an initial setup of API keys and syntax settings from an exchange of preference, each wallet could offer this functionality, which I believe would do a great deal of incentivizing people to use BCH whenever they have the chance.
What do you think?
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source https://www.reddit.com/r/btc/comments/fvuo2f/idea_for_wallet_developers_to_help_adoption/
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