Kyle McCollom
@kyle
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.
10 replies
0 recast
118 reactions
jacob
@jacob
How does the hyperinflation protection part work? For USD or for other currencies?
1 reply
0 recast
10 reactions
Kyle McCollom
@kyle
USD protects those with a local hyperinflationary currency. Some absurdly high amount (~10%) of physical USD is in Argentina. Digital dollars are 10x better than cash for all the obvious reasons, but Argentines can only save 200 digital USD / month in their banks, and the USD in their bank account can be corralito'd.
2 replies
0 recast
3 reactions