Well-known directory app Yelp is now becoming more open-minded as it has now agreed to accept cryptocurrency as a payment option on its platform.
Recent reports show that the famous merchant listing and user-dependent app Yelp has included the option on its system. For those who do not know, Yelp is a user-based platform that gives room for enterprises and businesses to submit and get their own listings. But as hinted above, Yelp depends heavily on the users on its platforms to point out errors in the listings, provide updates and most crucially, give those reviews that reflect their experience on it. Now, it will be easier to buy Dash coin and other cryptocurrencies.
Yelp is very well-known and across the globe, well over 10 million people have downloaded the application. However, it must be pointed out that the cryptocurrency payment option is not available yet on its desktop version.
Another very well-known online service, Craigslist, is adding the option for users who sell products on the platforms to state if they will accept payments completely or partially via cryptocurrencies. Craigslist is one of the most well-used classified advertisement services on the planet. Now, for those who want to buy Bitcoin Cash, the option is available on Craigslist as well thus making transactions more flexible for everyone.
Even though it is an amazing move for Yelp to include the option of accepting transactions to be carried out using cryptocurrencies, it has to be pointed out quickly that there are some obstacles that have to be overcome first. These obstacles have to be sorted out first before the fullest benefits can be derived from the inclusion. The first issue here is that the precision and integrity of data used can change from time to time. This can lead to mistakes when locating merchants or carrying out transactions where cryptocurrencies are involved. Thus, price volatility is a very relevant factor in this regard.
Another obstacle that can appear is due to the massive diversity of cryptocurrencies in use. For example, it is possible for a user to utilize a cryptocurrency in one area but may not be able to use the same in another area. What this means is that many of the coins in use in the cryptocurrency sector cannot be used universally. Also considering the fact that the most popular cryptocurrency in use and also the one with the highest charges, Bitcoin has the power to both be the natural option for users and also the most problematic one for carrying out transactions.
As for Craigslist at the moment, there are a handful of listings where it is stated that cryptocurrencies are allowed for transactions but that is not the end of the story. It has been observed that a close examination of these listings shows that there are inaccuracies. This may be linked to the possibility of getting across to more clients via advertising. At the moment, adding cryptocurrency options on selling platforms has triggered a rivalry with relatively tiny listing sites and applications.