On Tuesday Aug 27 2024 Beau and Mike spoke about the latest updates of the Hamza decom marketplace at a local ecommece meetup.
Note: It was also a heavy downpour so those who came are serious about ecommerce!
Some of our findings:
- Sellers do not want to take “currency” risk – such as the fluctuations of the crypto currency market. The discussion about if the buyer pays in ETH , and you as the seller receives USDC, and then later there is a refund/dispute – does the buyer get their original amount of ETH, or the current market rate of ETH, or the USDC amount.
- Sellers are still not “web3 savvy” – most at the event had limited usage of crypto outside of mainstream exchanges.
- Wide range of crypto currency in the room – some had Solana, some BTC lightning, others various coins. Was not a common theme in the room of a crypto currency they used.
- Overall openness to try, and willing to learn. Will take a lot of education.