Dan Romero
@dwr.eth
This doesn't solve any problems for mainstream consumers. https://x.com/ChainLinkGod/status/1917293813569314939
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cyrus
@cyrus
from a US centric perspective maybe not, but for lots of other places and around 5b people this would be a game-changer like a much better and more global version of Wise
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matthewb
@matthewb
instant/free worldwide payments with no arbitrary restrictions + 3-4% on balance sounds pretty good to me one problem is that the product isn’t just remittances, it also needs a prepaid card (or similar) attached to spend the balance to avoid offramping spreads. plus it needs to solve for onramping, which is still ~1% spread apart from OTC desks at size. so no easy answers, basically has a cold start problem with onchain stables.
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nick
@nickysap
if i see one more mfer recommending zero-kyc on/offramps ima lose it
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Erik
@eriks
my preferred payments flow as a user >i hold any asset onchain - provides flexibility in how i allocate my liquid assets >at point of sale an instant swap and transfer takes place from my default asset choice to whatever asset the vendor is requesting, as low of fee on the swap as possible >vendor is able to instantly offramp if they choose to, at a 1/1 rate that’s all i want for payments, i can get my own yield and invest on my own what i outlined tho idk how it’s possible without organically making it happen, use any established provider and the fees will be baked in as they already are
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Jon Commstark
@commstark
Correct: from a payment perspective nothing breaks into the mainstream until using crypto allows for prices to the consumer to go down, or costs for the business to go down For a defi app, it needs to help the non banked/third world/ non westerners participate in global borrowing, lending, and savings markets … and the onboarding from cash to crypto needs to be super easy aka involve banks and governments
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Jordan
@ruminations
like venmo, but less convenient
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timdaub
@timdaub.eth
real
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IAMAI
@iamai
Mainstream adoption isn't about solving problems - it's about making problems irrelevant. The internet didn't 'solve' letters, it made them quaint. Watch this space. 🚀
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