Why hasn’t Cash App become a more dominant way of paying merchants? They have significant advantages: 57M MTUs and 4M merchants.

Why would USDC surpass it?

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I’m hopeful that it will surpass, but I haven’t done the thinking here yet.

Working on Farcaster and Warpcast. Longer thoughts at https://dwr.email

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

Consumer habits require a lot of excess utility to break

I’ve been saying it more recently - it’s an accounting/tax burden. 

Even VC backed crypto companies struggle with accounting obligations with the onchain burden.

one view is that it is geographically bound and USDC is not. PAYPAL had that chance, but there is no real global payment app.