Bitcoin Price Will Likely Surge as Mt. Gox Sell Off Paused Until September

I very much believe that cryptocurrencies will be adopted by the masses in the future however I also believe that a series of gradual transitions need to occur rather than a mass takeover. The majority of merchants are simply not ready or willing to accept cryptocurrencies as a form of payment. There are several reasons for this including obvious volatility issues, difficulty in liquidating crypto assets, ongoing changes to regulation, taxation issues and the general negative or uninformed perception of cryptocurrencies.

In an ideal world we as consumers should be able to choose which currencies we trade with, while merchants should be able to receive the currencies that work for their businesses. The platform I’m building caters for currency agnostic transactions for point of sale using mobile apps (web based crypto-fiat payments will follow soon after). I believe this interim approach leads to several benefits:

Consumers can spend their crypto immediately without having to convert to fiat first. There are potential tax implications here.

Merchants don’t need to worry about volatility, however they can still accept cryptocurrencies for the benefit of their customers.

There are no fees to be paid by merchants for payment processing.

Rewards (Liquidium Tokens) will be given to both merchants and consumers for using the services. This will incentivize both parties to spend crypto as spending leads to the earning of tokens.

Anybody with a bank account can be a merchant. This is to be used by individuals and businesses to facilitate crypto to fiat payments.

So far the platform can accept Nano, Ripple, Stellar Lumens and soon, Liquidium (LQM). Liquidium is a token based on the Stellar network. These tokens will be used for transactions and rewards and since it’s based on Stellar, all transactions are quick to settle.

I understand there are many projects focusing on crypto payments but it seems like most projects that started as ICOs are focusing on pushing their own token / coin rather than enabling crypto payments for all cryptocurrencies suitable for cheap and timely transactions.

To prove I’m not full of shit, here is a brief demo of the app actually working (functionality and design subject to change between now and the release). We currently have a few businesses testing the system in the real world. Open beta testing invites will take place soon.

Any input is much appreciated. This will be released soon and I'd like to appeal to as wide an audience as possible.

I have set up a subreddit /r/liquidium if you’d like to keep track of the project or ask questions. We’ll be looking for early adopters in the near future.

Edit: formatting