SteemPay 0.3.0 Release - Supporting seven more currencies (USD, EUR, GBP, JPY, CNY, PHP, MYR)
I am pleased to announce that SteemPay 0.3.0 is now released. This version comes with 7 more currencies with improved features for the online commerce. Please check the release note. For those who are new to SteemPay, please continue reading this posting to learn more about it.
New features in 0.3.0 Release
- On-demand local currency to SBD conversion.
- Customisable price feed
- Supporting 7 more currencies (USD, EUR, GBP, JPY, CNY, PHP, MYR)
- UI improvement
- Invoice link sharing
- Bug fixes
What is SteemPay?
SteemPay is an application to enable Steem Dollars to be used for on / offline commerce. The ultimate goal that I want to achieve through this project is making Steem Dollars to become the best cryptocurrency for selling or buying the real stuff. May sounds ambitious but I have never seen any other cryptocurrencies have more potential than SBD in terms of the real life commerce so far. Regardless SBD is pegged or not, higher demand of SBD will also increase the demand of Steem, which will surely result in influx of new users and investors into Steem.
How does it work?
The main function of SteemPay is converting the local currency to SBD and vice versa, and helping the sellers and buyers by simplifying the purchasing process as possible.
How to use
For the moment, sellers need to preset the account information to get paid. You can register a Steem account or your SDB wallet of Bittrex, Upbit or Gopax.
- Create an invoice with your local currency, and show the QR code to your customer or share the link through online.
- Seller does not need to be a Steem account holder as they can use their Steem Dollar wallet of the major cryptocurrency exchanges like Bittrex.
The invoice is open and permanent. Anyone can scan the code and pay anytime with the latest SBD rate. You can print out the QR code and paste it next to your stuff at your offline store or car boot sale. The invoice link is also permanent. You can share it and get paid unlimited time.
- Scan the QR code or visit the shared link and then pay via SteemConnect.
- Buyer must be a Steem account holder.
Your browser may remember your Steem account and the active key after the first use, so you won't need to put those again.
What currency does Steempay support, and where does it get the price feed from?
SteemPay supports KRW, USD, EUR, GBP, JPY, CNY, PHP(Philippine peso) and MYR(Malaysian Ringgit). Basically the price feed is retrieved from coinmarketcap.com except for KRW. Feed for KRW is customised as the price feed from Upbit is the best fit here. These price feed will be continuously improved currency by currency.
Why the currency of my country is missing?
I am trying to roll out more currencies as slowly as possible unless there is significant demand to avoid the unnecessary congestions. If you really think your currency should be added asap, please let me know why you think so then I will try to add it :)
I am interested! Where is the tool?
Go to https://steempay.co and enjoy :)
There is very long to-do list but I will not share everything here. Here are the items on the top of the list at the moment:
- Transaction history check
- Authentication, Login
- More detail configuration for sellers
- API for online commerce
I deliver incrementally and work backward with the feedback. Therefore this project will be progressing quickly towards the right direction.
SteemPay is an open source project. Now the project is too young to get a public contribution as the code base is not quite organised enough yet, but it won't take too long. Please come to the Github and say hello or leave any feedback.
Used technology stack
Supporting SteemPay project
You can support this project by various ways like voting and resteeming. But the best thing is voting me (@asbear) as a witness. You need to manually put my account because I am 55th now.
This is incredible support from the community! I really appreciate it. For the last several days my job got super busy so that I couldn't reply to the all the comments here. I am reading and trying to gather the questions asked here, and will compose my answers and author a separate post.
Also, the Github repo is still not fully organised enough to start collaboration yet. I will update it, and also put my vision and service/design/development roadmap so that all the contributers could be tuned in!
And sorry again that I wasn't very responsible for your comments as I was out to Windsor in the UK to join the Royal Wedding ceremony, and the only person I talked to on the day was @theresa.may. here is the evidence.
I met Harry and Meghan for 2 seconds, and probably they must have seen me in the crowd but pretending not.
Sorry for the shitty joke. Hope you all enjoy the beautiful summer!