You don’t need crypto as an alternative to MasterCard/Visa. There are multiple national payment systems that de facto work on a public benefit basis or offer no fees or very low fees.
Even in a medium sized developing country like Ukraine, I can send anyone money (P2P, business payment, business transaction) with minimal or no fees on a near instantaneous basis off my phone.
I am not on top of recent payment infrastructure developments, but from memory this is relatively common.
No need for scam services like PayPal, Venmo.
And this has been avaible for half a decade minimum (was living in another country before then).
Sure sure, is it a sound, decentralized bottom up monetary network built by the people for the people on cryptography rails on an uncensorable network?
i’m not saying i’d use it or want it; i just meant it could have been had it not basically been relegated to the fringes by the cryptobros that made it unlikeable.
That’s fair. I do agree it has some properties to potentially be used in payment infrastructure systems.
I would argue something like India’s UPI (we don’t have a name for it in Ukraine) is better in every possible respect than a payment infrastructure based on blockchain tech.
You don’t need crypto as an alternative to MasterCard/Visa. There are multiple national payment systems that de facto work on a public benefit basis or offer no fees or very low fees.
One major example is India’s UPI:
https://en.m.wikipedia.org/wiki/Unified_Payments_Interface
Even in a medium sized developing country like Ukraine, I can send anyone money (P2P, business payment, business transaction) with minimal or no fees on a near instantaneous basis off my phone.
I am not on top of recent payment infrastructure developments, but from memory this is relatively common.
No need for scam services like PayPal, Venmo.
And this has been avaible for half a decade minimum (was living in another country before then).
Sure sure, is it a sound, decentralized bottom up monetary network built by the people for the people on cryptography rails on an uncensorable network?
Love your style!
👀
i’m not saying i’d use it or want it; i just meant it could have been had it not basically been relegated to the fringes by the cryptobros that made it unlikeable.
That’s fair. I do agree it has some properties to potentially be used in payment infrastructure systems.
I would argue something like India’s UPI (we don’t have a name for it in Ukraine) is better in every possible respect than a payment infrastructure based on blockchain tech.