SatsCrap, a marketplace for trading goods for bitcoin, has unveiled a new feature: Bitcoin and AI-powered auctions, streamlining the process of selling items for sats, according to a press release sent to Bitcoin Magazine. This marketplace allows users to list, bid, and purchase items with ease, all while transacting in KYC-free bitcoin.
“Bitcoin is repricing the world,” says Chris Tramount, Chief Executive Pleb of SatsCrap’s parent company Scarce City. “We’re creating an option for people to exchange crap that will lose value in bitcoin terms over time for the hard money of the future.”
Sellers on SatsCrap are required to deposit a small amount of bitcoin as collateral, ensuring accountability and facilitating a seamless seller experience. Leveraging AI technology, the platform automatically suggests auction titles and descriptions based on uploaded item photos, enabling users to create listings in under 60 seconds.
With a mission to offer the lowest prices on the internet for everyday items and collectibles, according to the release, SatsCrap wants to provide buyers with various payment options, including on-chain or Lightning bitcoin, as well as fiat alternatives like credit card, Afterpay, and Cash App Pay.
Powered by Scarce City’s extensive experience in facilitating bitcoin transactions, SatsCrap aims to help redefine the future of online selling by embracing Bitcoin. The company also stated that to celebrate its launch, SatsCrap is waiving listing fees throughout February.
Read More[#item_full_content]Bitcoin Magazine – Bitcoin News, Articles and Expert Insights
After a flash crash to $89,256 earlier this month, Bitcoin (BTC) made a swift recovery,…
President Donald Trump has signed a Executive Order titled “Strengthening American Leadership in Digital Financial…
Although Bitcoin price action is still holding above the $100,000 price level, the past 24…
Bitcoin continues to trade at record levels. According to checkonchain data, Wednesday's $130 billion bitcoin…
Bitcoin (BTC) surged past $106,000 on Thursday morning in the U.S. on reports that U.S.…
BlackRock, one of the biggest investment companies in the world, has given crypto enthusiasts a…