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Dan Romero
@dwr.eth
How to bootstrap crypto as a consumer-friendly payment method When I joined Coinbase in 2014, my first job was trying to get merchants to accept Bitcoin payments. (I worked with @nick on this.) Bitcoin as a consumer payment method didn't work out for a few reasons: 1. Clunky UX — after scanning a QR code, you had to send the exact amount of Bitcoin from your wallet; prices could also fluctuate during the checkout flow 2. Small user base — population of people with a bitcoin wallet was probably closer to 10M in 2014. 3. Lack of incentives — no incentive for consumers to overcome the clunky UX. Further, credit and even some debit cards offered cash back and points. *** Fast forward 10 years, consumer adoption of crypto payments is still low. However, we have the possibility of significantly improved UX thanks to faster, cheaper and smarter blockchains, stablecoins, and at least 100M consumers with a fiat-connected crypto account. What remains is the lack of incentives. 1/
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🌈 YON
@yonfrula
in countries like argentina, the incentive is right there: to dodge payments in our national currency. already one third of argentinians use crypto, and we got apps like belo and lemon which make it easy to buy and sell crypto, but they're still regulated. when we get base into a mercadopago-like system, it's done.
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Chivito559↑➕🎧📖🍦🍜
@eljuniordiaz.eth
No Sabia que vos eras Argentino, que chido! De por si me gustaba tu Arte, pero ahora me gusta un poquito mas!
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