Crypto shopping cart
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IPN is a messaging service that notifies the merchants of the events related to CoinPaymets transactions. It is useful to automate the administrative process in the back-end. As you can see in the diagram, a buyer will initiate a payment request from the website, then it will be redirected to the CoinPaymets interface where a user can choose a currency for the payment.
Further, a request goes to the server and it will create a deposit address for a buyer. Once the deposit address is created, the buyer has to send the amount to the deposit address. On the other hand, IPN continuously monitors the deposit address for specific time duration and gives event updates to the merchant.
By using event notification, a merchant can automate the process, such as order update, inventory update, and email to buyers, etc. Prepare Website In order to send the request to the payment server, we need to prepare a website. Traditional shopping carts collect all cart and payment data before processing an order.
Credit cards and banks validate the transaction. Since a customer must release the currency from a wallet interface apart from the shopping cart, the checkout experience deviates from what is now considered normal: Place order Send currency from external wallet interface Submit transaction ID on shopping cart interface for order verification This is a very different conclusion to contemporary shopping cart expectations. And arguably, it necessitates trust in what should be a trustless situation.
That is, the customer has no recourse through banks or credit cards if the vendor is a scammer though perhaps there's no recourse anyway. Future work: contracts that fulfil when the post office reports delivered
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IPN is a messaging service that notifies the merchants of the events related to CoinPaymets transactions. It is useful to automate the administrative process in the back-end. As you can see in the diagram, a buyer will initiate a payment request from the website, then it will be redirected to the CoinPaymets interface where a user can choose a currency for the payment.
Further, a request goes to the server and it will create a deposit address for a buyer. Once the deposit address is created, the buyer has to send the amount to the deposit address. On the other hand, IPN continuously monitors the deposit address for specific time duration and gives event updates to the merchant. By using event notification, a merchant can automate the process, such as order update, inventory update, and email to buyers, etc.
Prepare Website In order to send the request to the payment server, we need to prepare a website. This is an experimental project in progress. The styling and basic functionality was straight-up jacked from this fine fellow. I am exchanging t-shirts and stickers for Ethereum. Apart from some commercial providers, there doesn't seem to be much in the way of open-source cryptocurrency shopping carts.
This project raises some interesting interface issues. The modest initial goal is to take an order and wait for transaction confirmation before shipping.
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