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Alex Danco
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Something we’re thinking about a lot at Shopify right now is “accelerated checkout for crypto payments”. It’s actually a really tricky problem! Here’s why: 1/
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Alex Danco
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Shopify has supported crypto payments for years, via payment partner apps like Coinbase Commerce. When, the user selects “pay with crypto” at Pay Now they’re taken to an offsite page hosted by the payment app to answer q’s like “which wallet? Which coin” before finally handing off to wallet to sign tx. 2/
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Alex Danco
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This setup is a lot of clicks, but it works- because payment apps have a dedicated page they own, where they can get whatever info they need - and, therefore, allowing the wallet to *only* have to ask for final signature.
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Alex Danco
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Now, what we’d RATHER see is something a lot more “accelerate-able” where the checkout can make a lot of assumptions for the buyer, while allowing them the option to make edits to those assumptions at any time - without ever hitting a back button. That last part is the hard part.
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Alex Danco
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What “good” really looks like is, the buyer on a checkout can be accelerated right through to their wallets as fast as possible, where the payment app has an extension target to offer, “review or make changes” *from inside the wallet*.
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Alex Danco
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We think this would be really useful - not just for Shopify, but for crypto commerce in general. We have some promising threads going w/ a few organizations here, but if this is interesting to you, I’d love to hear from you!
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Moughite
@moughite
We’ve been exploring one-click pay magic for crypto for a while. Allowing buyers to edit assumptions later could involve some risks but depends on settlement time and off-chain steps first, its possible to delay processing assuming the txn details can be safely updated post checkout within a timeout period
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Moughite
@moughite
Some quick thoughts on this: - Using embedded wallets or AA accounts with a commerce module to pre-set payment preferences or enable checkout-aware logic (+ less interactions & gas sponsoring). - Cross-chain transactions to avoid network switching, token, etc Would love to discuss this more in depth!
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