Currency Exchange Rates

[gary]

If I have two currencies that users may use is it possible to set an exchange rate between the two i.e. 1 unit of currency A buys 1.2 units of currency B?

Regards
Gary

[alexandre]

HI,

Sure its possible.

You can set a transaction fee on the transfer type that pay from one currency to another.
Have a look on the admin manual.

https://communities.cyclos.org/content/ ... nsfer_fees

Regards

[cycloshost]

Hi Alexandre,

we were testing this and there is a limitation of the fee percentage to 999,9999% that is 10 times more than the amount in the original currency. When you take for example the Faircoin, 1 EUR=60 FAIR so is not possible to reach that percentage. Another example would be BTC into EUR or JPY into USD...

Is it possible to get rid of this limitation?

[alexandre]

OK,

It will be improved to 99999,9999% on the next version

Regards

[MaxF]

Hello!
Please tell me how I can combine my Network in the Cyclos with other payment systems from the Cyclos, for cooperation and exchange currencies?
Please leave a link where in the portal this function?
Thank you!

[avf]

How can one update the transaction fee on the fly in realtime to match an exchange rate (USD->YEN for example)? Would it be possible to do that in the upgraded community version?

[alexandre]

HI,

It is only possible using a custom script and a extension point for the fee calculation. But at communities instance it's not possible to use scripts.

regards

[routecisco]

Hi Alexandre

I am looking to including this capability to perform currency coversion in my network. What feature should I use to create this custom script on cyclos 4?

Thanks