So I did a little digging, went through a few onboardings.
Currently Shopify seems to have 4 crypto payments providers, as documented here. Only Coinbase commerce and Bitpay look decent.
User experience
Tried checking out using Bitpay on this website http://lieferando.de/ (Recommendation from another Nash user. Big in Germany apparently): https://recordit.co/nACgmfbiCA
I couldn’t find a website which offered Coinbase commerce as a checkout option, however I did find this walkthrough from 2 years ago.
In both cases, it still looks a bit painful, since after you’ve reached the QR code, you still have to make the actual payment. Moreover if it’s in Bitcoin, it could take a few minutes. So there’s definitely room for improvement.
I think Nash solves the payment long delay issue with its implementation of the lightning-network-like solution for BTC, right? If so, could be big for adoption.
In any case, the ultimate goal should be:
On Desktop
- Log in to Nash or scan a QR code from Nash app
- Select whichever crypto you want to pay with
- Click “Pay”
On Mobile
- Click on “Pay with Nash Pay”
- Nash app opens (or you’re prompted to download it from your OS’s store…)
- Select whichever crypto you want to pay with
- Click “Pay”
Merchant onboarding/Integration
This is where I feel Nash can outplay competition the most. Shopify could be great to kickstart everything, but IMO it won’t replace a great developer ecosystem (top-notch documentation, forums, hackathons, etc). I believe Stripe’s success should be a source of inspiration to Nash in many ways.
Coinbase commerce has a pretty good merchant onboarding flow:
Their documentation looks ok-ish:
https://commerce.coinbase.com/docs/api/#introduction
I guess I don’t have any question, just wanted to document what I’m researching while trying to figure out Nash’s key competitive advantages, and possibly inspire some other constructive feedbacks.
