Hard to overcome the “2-3% back” message to consumers while also cutting the fees for merchants.

Credit card points are a consumer bribe that preserves the credit card system’s hold over payments.

USDC is 10x better for hyperinflation protection and cross border payments.

It’s not 10x yet better for retail payments. I wonder if it can be, and - if not - if we should focus efforts elsewhere.

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What is the advantage gained by the creditor for "the credit card system  having holds over payments"? Holds over the individuals ability to pay?