androidsixteen on Warpcast

androidsixteen pfp

@androidsixteen.eth

Two thoughts: 1) These videos are getting better -- @jessepollak street interview game getting stronger (we see you G). It's fun watching "normal" people react to offers of crypto 😆 2) Real talk, I don't understand why crypto is better for IRL small businesses than existing payment rails. Is it mainly the fee structure? I've understood financial bundling (https://haseebq.com/crypto-is-financial-unbundling/) to be beneficial for businesses because it reduces risk -- though it can also hurt them via chargebacks Genuine question and curious to learn from folks who know more about the payments space

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Antidote 🎩 pfp

@0xantidote.eth

I dont think regular payments will be done via wallets but just "regular" fintech apps that leverage stablecoin infra on the backend.

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christopher pfp

These videos are really getting better. Brutal honesty is attractive. And businesses are focused on cash flow and working capital to make it to the next payroll. Everything else is just customer acquisition and retention. I think crypto serves best in the latter than advancing the former.

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Zach pfp

@nvs do you have a strong take here (other than "it removes risk of chargebacks, and no more 3% fee"?)

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Sam (crazy candle person) ✦ pfp

Sam (crazy candle person) ✦

I don’t have a big brain blog like that but I wrote something fairly opinionated back in Sept. I am very familiar with payments because I have tried probably 7-8 crypto payment processors for /humankind. I address the perspective on fees too. Some of it I’ve changed my mind on. https://paragraph.xyz/@humankind/preview/OLtEKLwb5uKgqT5LRaLa

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chaim.eth pfp

i think it is the fees getting lower for merchants. which is an impactful thing for most small businesses i’d imagine

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YES2Crypto 🎩 🟪🟡 pfp

YES2Crypto 🎩 🟪🟡

@yes2crypto.eth

Also, https://warpcast.com/yes2crypto.eth/0xf27f0d90

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YES2Crypto 🎩 🟪🟡 pfp

YES2Crypto 🎩 🟪🟡

@yes2crypto.eth

I always thought it was chargebacks If someone can make a process where they get a product or service and then can reverse the payment, they’re gonna do that. And vice versa.

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MJC pfp

On 1, I feel like I’ve been watching that type of video for years now. Not particularly entertaining to me to see normies unenthused by something that doesn’t provide value to them

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Syed Shah🏴‍☠️🌊 pfp

Syed Shah🏴‍☠️🌊

Def agree on 1. Cringe factor going down and humor and entertainment going up

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Levi pfp

Number 2 is rather easy for me as I've been studying payments/community member for 3 years now. Fee structure with payments is changing. 1% or less compared to the 2-3%+ fees merchants already pay. No chargeback risk and far more impossible to skim. Digital wallets are becoming more popular as well, just an SDK integration away now for some. Space will accelerate when stablecoin framework gets passed in Congress. Only thing holding back banks from switching to crypto in the background is the risk of a non-compliant asset being used. Recommend this book. Michelle is a leader in the legal space when it comes to digital assets and was advisor to Wyoming Stablecoin (Sen Lummis also heavily involved). She was also the head of compliance at Flexa for a bit. Flexa is how I spend digital assets at Dunkin/Chipotle/Sheetz etc.

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