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Cryptocurrency community members can be rather creative when they put their mind to something. The Village Catalog project essentially serves as a sort of internet general store.Ā Its main purpose is bringing more attention to cryptocurrency as a whole, although there is a strong focus on Bitcoin Cash first and foremost. It is not necessarily a decentralized marketplace in the same leagueĀ as OpenBazaar, but itās evident there is a growing demand forĀ the ability to buy and sell goods online in exchange for cryptocurrencies.
The Village Catalog Project in a Nutshell
It is good to see community members come up with different ways to promote the use of cryptocurrencies. Most retailers are not too keen onĀ providing this payment method right now, even though itĀ could offer them multiple benefits in the long run. In fact, weāve seen a fair few retailers end Bitcoin support once and for all, which is a rather worrisome trend. Something will need to change in this regard, and it may take some community effort to do so.
The Village Catalog project seems to be an interesting way of bringing this change to the world. It allows users to buy products in exchange for Bitcoin Cash andĀ receive 1-3 day shipping. It is not exactly like Amazon, but thereās no reason to thinkĀ that the comparison couldnāt be madeĀ in the future. Only time will tell how successful this project can be, though.
Looking at the list of available products, it is evident Village Catalog focuses on consumables first and foremost.Ā There are multiple listings for food and beverages, as well as some basic kitchen utensils. There is no sectionĀ for electronic goods or anything else that one would expect from such platforms. There are companiesĀ which specialize in selling electronics for Bitcoin or other currencies, yet it is evident this particular project has no intention of getting in on that action.
Interested parties need to be awareĀ that Village Catalog will only ship to the United States right now. It is possible there will be an international expansion at some point, but that is not the plan right now. The top priorities areĀ letting sellers list their products on the platform, integrating an affiliate program, and improvingĀ Bitcoin Cash integration, in addition to integratingĀ a faster shipping option and better warehousing.
The big question is whether or not there will be big interest in projects like these. Given the currentĀ challenges in the world of cryptocurrency debit cards, spending Bitcoin or Bitcoin Cash for smaller purchases such as food and drinks may certainly be an interesting opportunity to pursue in the future. After all, consumers wonāt stop spending their BCH anytime soon, but finding newĀ places to doĀ so will always remain a bit of a problem. Village Catalog may fill that void a bit, although it is too early to draw any conclusions.
Cryptocurrency community members will need to get creative in order to promote their favorite cryptocurrencies in the future.Ā Thatās becauseĀ traditional retailers will hold off on dealing with cryptocurrencies for quite some time to come, especially during periods of major price volatility. Community-driven projects may struggle for traction at first, but it seemsĀ things will eventually pick up. Cryptocurrencies can no longer be ignored, and the platforms embracing this new payment method will win out eventually.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.