Content
@
https://warpcast.com/~/channel/crypto
0 reply
0 recast
0 reaction
Michael Pfister
@pfista
Serious question: Why don’t more businesses today run purely on crypto? Is it legal? Accounting? Tax? Tooling? On/off ramps? Why not?
16 replies
0 recast
24 reactions
kia
@kia.eth
why should they?
1 reply
0 recast
2 reactions
Michael Pfister
@pfista
Cheapest processing fees Near instant settlement No chargeback risks Stable coins prevent volatility Bank can’t hold you hostage, esp for seedy businesses
1 reply
0 recast
2 reactions
kia
@kia.eth
none of these are that big of a headache to be a 10x improvement tho. especially if customers don't want to pay in crypto. i have a long winded rant about how coinbase can disrupt visa. the TLDR of it is that you need backwards compatibility, same UX and significant incentives for both sides of a trade to use crypto.
3 replies
0 recast
2 reactions
notdevin
@notdevin.eth
Consumers don’t need to pay in crypto, and all of those advantages to a merchant are definitely a 10x improvement imo Kia, let me run your through one of our flows this week. My two cents, if coinbase disrupts visa then self custody has failed and we still have further to go before we free our money.
1 reply
0 recast
1 reaction
kia
@kia.eth
did you see my longer post? (below) this is a trojen horse. Coinbase itself is going self-custody and if once this pans out you can remove the whole thing and replace it with onchain systems rather than integrating crypto one piece at a time into the legacy system. https://warpcast.com/kia.eth/0xd62acfaf
1 reply
0 recast
1 reaction
