I have recently come across Firo and am intrigued by its potential as a cryptocurrency, especially in the context of e-commerce. As more businesses explore integrating cryptocurrencies into their payment systems, I am curious about Firo’s current adoption levels among online retailers and its performance in comparison to other cryptocurrencies.
In particular, I would like to understand how Firo addresses common concerns like transaction speed, fees, and security. Additionally, are there any specific case studies or examples of businesses that have successfully implemented Firo as a payment option?
I also check this: https://forum.firo.org/t/firo-partners-with-finstreet-india-s-largest-crypto-education-platforalteryx But I have not found any solution. Could anyone guide me about this? I am eager to hear from both Firo enthusiasts and anyone with experience in the cryptocurrency payment space. Your insights would be invaluable as I research the viability of Firo for future projects I’m considering.
Firo has very fast finality of transactions because of its chainlocks technology, there is no reason to wait 6 blocks to be sure that your transaction has been added to the ledger, as with BTC for example.
Chainlocks, which is a consensus formed between the masternodes is also excellent for security, making a 51% attack on the chain impossible.
The fees are no more expensive than on any other chain and certainly lower than on some of the more used chains where users are forced to pay high fees just to have their transactions included in the next block
There are several businesses who accept Firo, most of them can be found here:
But there is also the possibility to use Firo to buy gift cards and this opens up a whole new range of possibilities . . .
For the moment, the biggest integrations we have are with Travala, Binance Pay, NowPayments and Coinpayments though we lack the manpower to push and reach out. This is something we could use help with as core is pretty tight and is better to be run as a community initiative!
Though we get reports that the usage of Firo on Travala is decent (and something I personally use too!)
when we talk about e-commerce, we should look at particl. what is better for this purpose then a decentraliced solution?
Saidly, they get also as little attention as we get. But it is an already working product! i used it several times.
Imho, we should try to put our forces together and push the goal to get Firo on the particl marketplace. I`s possible, with their own DEX integration (BasicSwap) into the marketplace, but it still need some more development.
Not sure how to help as a community, mby collect some money as a reward for the particl team for integrating Firo as their first currency besides their own Part coin? (it was teased, i think around 4 years ago, in a podcast and i was hyped! but it never came to life )
I would donate.
And i would put everything i own and don`t use right now online for sale to get some action going. The truth right now is, there a not a lot a products online right now. not sure why, i guess it is kind of a “chicken-egg-problem”, nobody want to buy, so there are no vendors.
If they managed to get the code done, this would be awesome for both projects, particl has more useres, and we have an decenctaliced marketplace where we can buy and sell good with our most loved Coin.
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neva used before interdasting