The Cryptoconomy Cryptocommerce and Cryptofunding
Expanding the implementation of my cryptocommerce pursuits, I now have 2 sites started. One, as I have said in the last article, is an cryptocommerce WP website for retail. The other is a crytpofunding WP site for a worthy project.
Setting the crypto donation system up has become rather interesting process. The site, the “crypto” payment gateway, they all come together rather normally. The crowd funding campaign, using cryptocurrencies to fund, has a different kind of aura about it. It developed while I was creating my own unique currency basket.
Think about the opportunity an entrepreneur has with the ability to create a unique personal or business alternative means of business exchange.
Setting up the wallets takes time.
I have, in my business exchange, 7 wallets for 7 cryptocurrencies; Bitcoin, Litecoin, Dogecoin, Dash, Reddcoin, Paycoin, Peercoin. Each of them has a little different personality, some are focused on trade, some social and some just as a currency of value.
These icons are linked to the home site of each.
Establishing your “basket of currencies” should be a careful process. Do you Due Diligence. Know your exchange. The wallets take time to established.
I follow a simple rule when asked if I take a different cryptocurrency than I have listed. My answer has become, I do if it is listed on an established cryptocurrency exchange.
I like Cryptonator, Take a look here: https://www.cryptonator.com/
For Cryptocommerce payment gateway I am using GoUrl plugins for WordPress. GoUrl is the only cryptocurrency payment gateway that I found and was comfortable with managing.
GoUrl.io is an automated payment processing system for the bitcoin, dogecoin, litecoin, reddcoin, feathercoin, vertcoin, potcoin, vericoin, darkcoin, speedcoin currencies. It enables online merchants to accept cryptocoins, as a form of payment, just as easily they accept payments from credit cards, debit cards, or Paypal.
I am using the Woocommerce shopping cart on my cryptocommerce site with GoUrl as the payment gateway.
For the cryptofunding site I am using the GoUrl Bitcoin Paypal Donations – Give Addon plugin for WP.
Bitcoin/Altcoin & Paypal Donations on Your Website. Provides a Bitcoin Payment Gateway for Give 0.8+ – wordpress donation plugin. Easy to Use!
It is easy to use but only when you have a donation campaign designed. It is flexible enough to fit almost any campaign. The campaign dictates elements that have to be considered when developing the cryptodonation platform.
This site is not being developed to engage any of the established crowdfunding websites.
Both projects highlight how cryptocurrency provides a new way for consumers and investors to support interesting projects.
I am raising funds through my own platform seeking funding from a distributed group of backers for an ecological project.
A great thing about cryptocurrencies is that each wallet has the capability to generate and unique hashcode that can be identified to a campaign or to a person or a unique instance as needed to receive payment. In this case, I use different sets of my cryptocurrencies for the cryptocommerce site and crowd funding/cryptofunding project.
I can track the purpose of the different currencies by campaign or source of payment received.