I'm noticing lots of people start sharing ko-fi or similar services to support them

this one linked received over 13755 coffees of $5

with stripe fees it's about $4.55 per single transaction received

if we assume all of them were separate and all of them were one time, otherwise there's an extra 5% ko-fi fee

$68,755 total spent by supporters
$62,585 received by creator

$6,169 ends up purely in stripe corporate pockets and I guess shared with visa/mastercard etc. networks and banks

blockchain solves this

Hey everyone; I’ve had a few people ask me tonight how they can support my account, so if you have enjoyed my coverage today on Poland and Qatar as well as over the last few months and would like to see it continue, I am back to being only one person running this account and I do

OSINTdefender

I'm noticing lots of people start sharing ko-fi or similar services to support them

this one linked received over 13755 coffees of $5

with stripe fees it's about $4.55 per single transaction received

if we assume all of them were separate and all of them were one time, otherwise there's an extra 5% ko-fi fee

$68,755 total spent by supporters
$62,585 received by creator

$6,169 ends up purely in stripe corporate pockets and I guess shared with visa/mastercard etc. networks and banks

blockchain solves this

https://x.com/sentdefender/status/1965610276536852510

I used to use Buy Me a Coffee. It was brutal how much both the service and PayPal took. I wrote about this exact thing in my article The Next Chapter which gos over why I left web 2 as a creator and why. 

That said, I’ve also seen that crypto payments are niche enough that you’re forgoing a huge network effect by choosing the path I took.

exploring new frontiers enabled by the internet: social, crypto, ai, mindset, states and more

visualizevalue

Let me know what you decide. That said, my point was that for non-crypto content creator, at best a hybrid is reasonable, because the majority of potential supporters are not crypto users.

I think it can be worth reconsidering now

Daimo pay for example makes it easy to pay with crypto you have across chains, next I'm looking into coinbase pay and others that accept cards/bank account transfers while you get usdc which you can easily off ramp to banks using fluidkey etc. now or spend on bitrefill without any KYC

I'm working on a product now to test this theory

I used to use Buy Me a Coffee. It was brutal how much both the service and PayPal took. I wrote about this exact thing in my article The Next Chapter which gos over why I left web 2 as a creator and why. 

That said, I’ve also seen that crypto payments are niche enough that you’re forgoing a huge network effect by choosing the path I took. 
https://paragraph.com/@thumbsup/the-next-chapter-1

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If you're paying creator can try coinbase pay or something else that gets the funds from credit cards to creator in USDC, from there creator can send it fee fry to any bank through coinbase with no fees

I think right now there's less friction when you use the best tools

The issue with blockchain isn't sending funds. It's the ramp off. People wants their fiat instantly without friction.