Join Our Mailing List
Monday May 29, 2023
Bitcoin (BTC) $27,882.47   Ethereum (ETH) $1,900.28
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
Trezor Model T
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
Home Vendor Technology

Blockmarket Desktop now includes direct payments with bitcoin and Zcash

Published by CryptoNinjas.net
12/09/2017
Blockmarket Desktop now includes direct payments with bitcoin and Zcash

Blockchain Foundry, the developer behind Syscoin has been ramping up its development efforts around recently launched Blockmarket Desktop before the Blockmarket Web release which is due in just a few months. Until Blockmarket Web is publicly released, the team is fixing as many bugs and implementing as many value-added enhancements as possible.

Now announced in the just-released Blockmarket Desktop 1.1.3 version, Blockchain Foundry has added support for bitcoin and Zcash “direct payments.” This means that users can now list offers requiring a payment method of bitcoin or Zcash rather than Syscoin. To use this feature, buyers will send bitcoin or Zcash directly to a user’s Syscoin wallet to complete their purchase, rather than using the peg-converted Syscoin equivalent.

If purchasing a Blockmarket offer that uses bitcoin or Zcash direct payments, users will be provided with instructions on how to complete the purchase. This functionality is similar to features in Syscoin QT but with several usability improvements; one such improvement is the ability to now use pegged-currencies with direct payments.

In the Syscoin Qt wallet, it was necessary to price an item in bitcoin or Zcash to use direct payments, thus exposing the pricing of an item to volatility. In Blockmarket 1.1.3 all payment methods utilize the pegging mechanism, which allows the seller to price their offer using any of the supported peg currencies (eg. USD, GBP, etc). When the offer is purchased Blockmarket will use real-time market data to convert the pegged-amount to the correct bitcoin or Zcash total and then direct the user to complete payment.

Collecting bitcoin and Zcash direct payments is easy because the SHA256 keys of Syscoin are compatible with bitcoin and Zcash. All a seller needs to do is import their Syscoin private key into a bitcoin or Zcash wallet and their funds will be available immediately.

Upcoming Enhancements

Blockmarket Desktop does not currently support escrow for bitcoin or Zcash direct payments, and neither does it support ‘mixed’ payment methods. In upcoming releases, the Blockmarket team says it will be adding both of these features. This will enable sellers to accept any combination of Syscoin, bitcoin or Zcash for payment rather than having to choose between them. By enabling escrow on direct payments, buyers and sellers alike can use Blockmarket safe in the knowledge that their transaction is secure, regardless of the payment method. Providing escrow capabilities around bitcoin and Zcash payments will be a unique and innovative feature to Blockmarket.

The team stated:

“Blockmarket development is gaining momentum fast and we’re excited about the upcoming releases through the remainder of 2017 and onward throughout 2018. We’re currently on track to deliver the Blockmarket Desktop 1.2 payment processors release later this month and we expect it to include some of the enhancements mentioned in this post.”

17
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram

Related News

Blockchain risk platform provider BIG to develop compliance solution for Syscoin

06/09/2021
Blockchain risk platform provider BIG to develop compliance solution for Syscoin assets

BIGG Digital Assets, owner of Blockchain Intelligence Group (BIG), a developer of blockchain technology search, risk-scoring, and data analytics solutions, today announced a partnership with Blockchain Foundry (BCF) to provide a regulatory compliance solution...

Read more

Klever to become primary mobile wallet for Syscoin ecosystem

04/20/2021
Klever to become primary mobile wallet for Syscoin ecosystem

Klever, a multi-coin mobile cryptocurrency wallet, today announced a new partnership with Syscoin, Offering fast, low-cost tokens, assets, and NFTs, Syscoin is secured by Bitcoin’s own hash power, decentralized consensus model, and censorship resistance....

Read more

Syscoin blockchain launching support for Non-Fungible Tokens (NFTs)

01/28/2021
Syscoin blockchain set to launch support for Non-Fungible Tokens (NFTs)

Syscoin, a full-featured blockchain platform, has announced that Syscoin 4.2 will support the creation of Non-Fungible Tokens (NFTs). This will bring a new level of usability to the Syscoin blockchain. NFTs on Syscoin will...

Read more

Syscoin-Ethereum Bridge protocol DApp now live

01/29/2020
Syscoin-Ethereum Bridge protocol DApp now live

Syscoin, one of the earliest crowdfunded blockchain projects, has announced the successful mainnet launch of the Syscoin Bridge protocol. For Syscoin, this represents a significant technological milestone in blockchain interoperability. The Syscoin Bridge is...

Read more
Load More
Leave Comment

Where to Exchange

Leading crypto suite in Spain & LATAM Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
First U.S. regulated BTC exchange Visit
  • Trending
  • Latest
RockX broadens suite with launch of new ether (ETH) native staking solution

RockX broadens suite with launch of new ether (ETH) native staking solution

05/23/2023
Where Exactly Can You Spend Monero Cryptocurrency?

Where Exactly Can You Spend Monero Cryptocurrency?

10/20/2021
Token.io launches new spin-out company focused on digital money solutions

Token.io launches new spin-out company focused on digital money solutions

12/10/2019
The Sandbox teams with Hex Trust to enable licensed and secure custody of its virtual assets

The Sandbox teams with Hex Trust for licensed, secure custody of its virtual assets

05/10/2023
RockX broadens suite with launch of new ether (ETH) native staking solution

RockX broadens suite with launch of new ether (ETH) native staking solution

05/23/2023
The Sandbox teams with Hex Trust to enable licensed and secure custody of its virtual assets

The Sandbox teams with Hex Trust for licensed, secure custody of its virtual assets

05/10/2023
CoinFlip launches new self-custodial cryptocurrency wallet platform 'Olliv'

CoinFlip launches new self-custodial cryptocurrency wallet platform ‘Olliv’

04/28/2023
Crypto exchange Deribit to launch zero-fee spot trading

Crypto derivatives exchange Deribit to launch zero-fee spot trading

04/20/2023
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2023 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact
No Result
View All Result

© 2016 - 2023 CryptoNinjas Disclosures | Privacy Policy