@rogerg8001
Went to a crypto meetup. One guy ordered beers for his friends. Friends want to pay back $5.
Pay back options:
1. use local Fiat wallet
2. use crypto wallet
3. use cash
Observation:
> People pay in Fiat using local e-wallets (even though it's a crypto meetup!)
> Nobody has cash
> Process takes longer than ordering beers
Conclusion:
> crypto payments are too time consuming for casual transactions (confirm recipient's address, chain, convert assets, move cross-chain, ...)
> local Fiat wallets work between locals; not an option if you are travelling.
> local Fiat wallets require recipient's phone number, not cool if you don't want to share.
I am super bullish on @transfermole because paying social usernames is easy, doesn't jeopardize privacy, and 4.2 billion people have a social media account somewhere.
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