Q: Is it illegal to buy commodities in an ecommerce platform using Cryptocurrency?.
In our developing e commerce platform we use cash to buy credits in the app with which user can buy things. can we also allow cryptocurrency transactions to sell the commodities? also there's a withdrawal option for unused credits and other reward payments we do in the system as credits. Can i also allow the user to withdraw the credit as a cryptocurrency?. what are the laws regarding digital assets in USA?
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A:
Yes, you can definitely allow cryptocurrency transactions alongside your credit system! This can attract a wider audience, especially tech-savvy customers.
Allowing users to withdraw credits as cryptocurrency is an interesting concept, but requires careful consideration:
- Volatility: Cryptocurrencies can fluctuate significantly. Users might end up receiving less value than their credits.
- Complexity: Crypto withdrawals involve crypto wallets and transaction fees. This might be unfamiliar to some users.
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