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ted (not lasso)
@ted
in mexico city for a friendmergency and it’s crazy to me how the street vendors only accept cash anybody know why? in venice beach + the US, they accept venmo or cashapp in rio + são paolo, EVERYBODY uses Pix — from street vendors to big brands big opp for blockchain-based P2P payments bc no web2 competition
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Kaloh
@kaloh
Most street vendors in Mexico don’t have a bank account Also, for those that have, the payment gateways take a minimum fee that makes their business non sustainable when selling cheap items e.g. fixed commission instead of %
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