Founded in 2015, CryptoMercado was started as a way to provide liquidity to reality – a way that people can turn “not real” crypto into real things, and to encourage people to use crypto as actual money.
I had a lot of ideas when I started, but in the time since, I’ve coalesced it around a few main goals:
1) Provide liquidity to reality – people need things to do with crypto that is not just back and forth to numbers in bank balances, something useful and fun
2) Encourage people to use crypto as actual money (instead of just an investment vehicle – closely tied in with the above goal)
3) Get people to think differently about crypto – some amount of the business comes from people who use “real money” either through Shopify credit card processing or Paypal – but they may think differently when they order something from a “random” website with crypto in the name and it actually arrives
4) Provide a marketplace for smaller businesses to sell their products – especially Texas businesses
What are your favourite crypto currencies?
Favorite cryptos? I could write an essay about my journey through crypto, but I’ll try to keep it short.
I actually started off CPU mining BTC way back in the day – not as early as some, CPU mining was probably not profitable by that point, but I wanted to explore all these new ideas. Sadly, that computer died and that BTC is locked away on its hard drive. Some day I’ll recover it.
DOGE – dance with the one that brung ya. DOGE gets a bad rap, but it brought me back into the crypto world after a break from the dead computer thing. It was easy to use, the people were fun, it was actually DOING things. Some of my fondest memories and best Internet friends came from a DOGE-based poker website. I managed to grind up from 0 DOGE to over 1.2 million on that site – and cashed it out, back when that wasn’t that much money. (Is DOGE high again? I don’t keep track of prices much.)
CLAM – I bopped around various staking coins with varying degrees of stability. This one is “stable” when compared to a lot of other such coins. There’s a community of people, and a use case – also a gambling site. This is both good and bad. People come to the coin because of it, but once that runs out, there’s not a lot else to be done with it other than it being JACC (Just Another Cryptocurrency). One of the main things that drove me to start CryptoMercado was people would win big gambling on this site and then say “‘I wish I could do something else with my winnings.” (I am currently rock tumbling another business idea that involves CLAM heavily, but it may be quite a ways off – and there may be legal hurdles to it, but it a chief goal would be to provide “legitimacy” to CLAM and perhaps other staking coins.)
LTC – I think it gets a bad rap from BTC purists. Over the years, it has proven to be a quick, effective way to transfer money around inexpensively. In the recent BTC troubles, I was doing a lot of switching back and forth to get things accomplished without spending tons on transaction fees. And if I had a dollar for every time I said “BTC is so slow!”
BWK – This is the coin that walked me down the masternode path. Again, a good community, and solid code. The development team is very responsive to everything on their Discord. I feel comfortable with my investment in this coin, long term. I’d looked at masternodes way back in the day when DASH was still a “crapcoin” (to use a polite term) and I wish I had acted sooner. That said, you could paper the walls with crypto regrets, right?
I’ve had other coins I’ve loved at various times for various reasons. Some I won’t disclose to save myself embarrassment, some I keep close because they are part of my active investing strategy. (Before anyone naysays, I still have two active BWK masternodes.) These are the big ones I can talk about because of their deep relevance or as a coin I actively endorse or advocate. (With all the appropriate caveats, of course.)
How long has your business accepted crypto for?
CryptoMercado accepted cryptocurrency from day one – it was built from the ground up with that purpose in mind, so in some sense it is a passion project. It doesn’t make a ton of money (yet) and there have definitely been some bumps in the road, but I feel like it’s all been very worthwhile in helping me get to now. On Shark Tank, I might be accused of making a solution in search of a problem – and I will say it is STILL very early days in cryptocurrency, unfortunately.
What made you accept crypto currency for your business
I accept crypto because I think it is the future of money. There are many inefficiencies in the modern economy, and it resolves or works around a lot of those – money should not take a long time to get somewhere, it should not cost a lot of money to do that, it should not be tied up in the hands of just Paypal. We need strong options.
How has the feedback been?
Feedback has been mostly positive – one of the most popular products on the site is Hell On The Red Salsa. I didn’t bargain on the dedicated following it has, but I get emails from people that maybe lived in Texas and can’t get it where they live now. I literally had one guy order a case, and I thought I would be clever and order a whole case from my supplier – but they intend the product to move on trucks, not through FedEx, UPS, or USPS – so I had to pack the heck out of it because it was basically a loose box of glass jars and I wanted them to actually arrive intact! These delicious jars of salsa have been a constant source of worry for me because of that – I even got back a picture of one that looked like somebody had stabbed an icepick through the lid in shipping. Still don’t understand that. But my goal has always been that even if things can’t be perfect while we’re still learning the ropes… that the customer comes away satisfied. If it means losing some money and shipping somebody some more salsa… I do it.
People like the products a lot, and that’s definitely one of the things that makes it all worthwhile.
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