SatsCrap, a marketplace for trading commodities for Bitcoin, has unveiled a new feature: Bitcoin Auctions and AI-powered auctions, which simplifies the process of selling items for Bitcoin, according to a press release sent to Bitcoin Magazine. This marketplace allows users to easily list, view, and purchase items, all while transacting in KYC-free Bitcoin.
“Bitcoin is re-pricing the world,” says Chris Tramont, CEO of Scarce City, SatsCrap's parent company. “We are creating an option for people to exchange things that will lose value in terms of bitcoin over time for hard money in the future.”
Sellers on SatsCrap are required to deposit a small amount of Bitcoin as collateral, ensuring accountability and facilitating a smooth seller experience. Leveraging AI technology, the platform automatically suggests auction titles and descriptions based on photos of uploaded items, allowing users to create listings in less than 60 seconds.
With a mission to offer the lowest prices online 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 paper alternatives such as credit card, and Afterpay. , and cash payment for applications.
Backed by Scarce City's extensive experience facilitating Bitcoin transactions, SatsCrap aims to help redefine the future of online selling through Bitcoin adoption. The company also stated that to celebrate its launch, SatsCrap will waive listing fees for the entire month of February.
