Selecting a Payment Method (Frontend)
EDD Steem lets you accept Steem payments directly to your Easy Digital Downloads shop (Currencies: STEEM, SBD).
What is Steem?
Steem is a blockchain-based social media platform where anyone can earn rewards. An example platform built on top of Steem block chain is Steemit.
What is Cryptocurrency?
A cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions and to control the creation of additional units of the currency. Wikipedia
Advantages
You will NOT require any Steem keys for this plugin to work. You just have to provide your Steem username and you’re good to go.
Limitations
- Currently supports different fiat currencies such as: AUD, BGN, BRL, CAD, CHF, CNY, CZK, DKK, GBP, HKD, HRK, HUF, IDR, ILS, INR, JPY, KRW, MXN, MYR, NOK, NZD, PHP, PLN, RON, RUB, SEK, SGD, THB, TRY, ZAR, EUR
- If none of the fiat currency listed above, it will default 1:1 conversion rate.
How does it confirm Steem Transfers?
It uses WordPress CRON every 5 minutes to call Easy Digital Downloads orders that uses payment method as Steem and calls an API via Steemful (Another application I’m building around WordPress ecosystem) powered by SteemSQL.
