Ryan Sean Adams (rsa.eth)
@rsa.eth
People are way too glum about lack of crypto adoption. We've actually come a long way in a short time. Let me share our story. We're a media company with a simple business model - subscriptions and sponsorships. We now run 70% of Bankless onchain and i actually love it. That's up from probably 20% when we started. THINGS WE DO IN CRYPTO Ethereum is our primary bank. Safe is our bank vault - access controls, limits. I can't understate how much safe has improved over the past few years - 10x better than any bank interface. Etherscan for bank statements - all our balances - all our transactions - I can't understate the value of etherscan - we've been DAUs since forever Metamask, Rabby, Uniswap wallet as our checkbooks - our finance ppl use these to sign transactions from our vault or make payments USDC for cash - we pay salaries, bills, and taxes in fiat so keep short-term treasury in stablecoins [Continued in thread]
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Apex777
@apex777.eth
fasinating breakdown into a crypto first company. Thanks for sharing. This part REALLY surprises me... About 10% of our subscribers pay us using crypto Any idea why crypto payment adoption is so low?
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Ryan Sean Adams (rsa.eth)
@rsa.eth
yep, it's a mix of things. 1) crypto currently sucks for recurring payments like monthly subscriptions. credit cards are perfect for this - autocharge. 2) ppl don't want to use ETH/BTC/Tokens as payment, so it's just stablecoins. I don't blame them. These are store-of-value assets primarily. 3) credit cards are still better for dispute charges
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Apex777
@apex777.eth
Once you said recurring payments, I completely get it. I have had many crypto payments fail with this.
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