SatsCrap, a marketplace for exchanging goods for bitcoin, has introduced a new feature: bitcoin and ai-powered auctions, which streamline the process of selling items for sats, according to a press release sent to bitcoin Magazine. This marketplace allows users to list, bid, and buy items with ease, all while transacting in bitcoins without KYC.
“bitcoin is repricing the world,” says Chris Tramount, CEO of SatsCrap's parent company. Sparse City. “We are creating an option for people to exchange junk that will lose value in terms of bitcoins over time for the hard money of the future.”
SatsCrap sellers are required to deposit a small amount of bitcoins as collateral, ensuring accountability and facilitating a seamless seller experience. Leveraging artificial intelligence technology, the platform automatically suggests auction titles and descriptions based on uploaded item photos, allowing users to create listings in less than 60 seconds.
With a mission to offer the lowest prices on the internet for everyday items and collectibles, according to the statement, SatsCrap wants to offer buyers various payment options, including bitcoin on chain or Lightning, as well as fiat alternatives such as credit card, Afterpay. and Payment with cash application.
Driven by Scarce City's extensive experience in facilitating bitcoin transactions, SatsCrap aims to help redefine the future of online sales by embracing bitcoin. The company also stated that to celebrate its launch, SatsCrap will be waiving listing fees throughout February.
