I was thinking of a dapp that would make using the Eth network more accessible and usable to a variety of people. I cam across a simple idea that I’m sure tons of others have devised, and wanted to know why such a thing is not possible / or already done.
The idea is similar to Paypal. You can use Paypal to make secure purchases online by connecting your bank account to your paypal account. Similarly, we can use (lets call PayEth) to securely pay online. You would connect your Eth wallet to your PayEth account, and whenever prompted to pay for something online or in store, your PayEth account would convert the equivalent crypto balance to USD (or other currency) and complete the payment.
I’m sure I glossed over some fundamental details that are the reason this doesn’t exist. Could you poke holes in my idea and highlight the flaws?
Sorry if this question is noobish, I am just getting started and wanted to hear your thoughts