STEEM: What would happen if your STEEM Wallet became your first wallet of choice for ALL online purchases?

in #steem8 years ago (edited)

STEEM WALLET



Question: "What would happen if your STEEM Wallet became your first wallet of choice for ALL online purchases?"

Recently I did an interview with Josh Sigurdson @joshsigurdson of World Alternative Media talking about BITCOIN, BLOCKCHAIN and STEEM/STEEMIT.

The whole interview was shared earlier.

I wanted to extract the part where I talked about STEEM/STEEMIT and the complete STEEM ECOSYSTEM and this segment can be seen at 28min:20Sec.

For ease I have time stamped to the start of this part of the Interview.

STEEM/STEEMIT ECOSYSTEM: video at 28min:20Sec


While you are watching this segment of the Interview, I wanted you to think of a simple question....

...."What would happen if your STEEM Wallet became your first wallet of choice for ALL online purchases?".

For me STEEM/STEEMIT has always been more than simply a Cryptocurrency supported by a Blogging Tool, it has the potential to become an Ecosystem with a Wallet that becomes your first choice of wallet for ALL your on-line purchases.

Just think about that for a moment......

.......your first choice of wallet for ALL your on-line purchases..!!

That is why I strongly believe STEEM has the potential to become a +$500 billion Social Media POWERHOUSE..!!


Thanks again for reading/watching.

Stephen

Sort:  

It will. And not just online purchases but for all purchases.

Really will be great if can be used for online purchases.
Thanks for sharing

You are very welcome and thanks for the support. Stephen

If steem was my go to currency for online purchases that would be great! The wallet addresses are pretty simple unlike other crypto address and the transaction speed is just awesome.

"...and the transaction speed is just awesome..."
"...and the transaction speed is just awesome..."
"...and the transaction speed is just awesome..."

Some times things are that good they need repeating and shouting out loud..!! Thanks for the support. Stephen

You're welcome man! Have a fabulous day!

Great interview I want to promote this in Ireland. I love your flyers!

Thank you Stephen best wishes if your are ever in Cork, Ireland give me a shout!

I think you're a couple years out from this becoming common place, but I do see it's opportunity to be plausible.

What needs to happen first, is that there has to be more STEEM-friendly apps... not just steemit or steemit clones like busy.org

Right now everything seems to depend on the success of steemit for steem to continue to carry its value.

Once corporations and advertisers "need STEEM" in order to promote themselves online, that will give a solid demand for STEEM. Once this happens (solid demand for STEEM) that is neverending, yes, STEEM purchases for normal products and services on the internet will be the next obvious thing.

I think your suggestion of this happening is very possible and nice to think of right now, and a definite goal for the horizon.

Hint: Traditional websites and traditional website bloggers should start to accept STEEM in order to place ads on their websites soon. That will help.

Shared on twitter. Stephen

Shared on LinkedIn. Stephen

It's the wave of the future. Ride it!

I think we will use blockchain every day in so many ways sooner rather than later

Great read about the potential of this site's currency!

I think that's the goal, closing the loop :)

Fantástico! Seria ótimo para transações diárias.

That would be great. Retwitted.

It will be possible , say an org allows payment in bitcoin and not steem, and the customer has steem and no bitcoins, what would he do? convert his/her steem to btc and thats it. anyways steem has a quicker transaction rate than btc currently.

What would happen if your STEEM Wallet became your first wallet of choice for ALL online purchases?
I think it could be a win-win situation, for the seller as well for the consumer and the community (because that created wealth would be automatically redistributed) ... Not only the personal, but also the community revenues would increase and a virtuous circle will appear.

What is tremendous with Steem is that the wallet is directly in the blockchain, not like bitcoin who need extern wallets.