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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How does the hyperinflation protection part work? 

For USD or for other currencies?

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.

Sources: 
- 10%: https://www.nytimes.com/2023/11/24/world/americas/argentina-economy-peso-dollar-javier-milei.html#:~:text=As%20a%20result%2C%20about%2010,to%20%243%2C100%20for%20every%20American.
- Corralito:

Sources: 
- 10%: https://www.nytimes.com/2023/11/24/world/americas/argentina-economy-peso-dollar-javier-milei.html#:~:text=As%20a%20result%2C%20about%2010,to%20%243%2C100%20for%20every%20American.
- Corralito: https://en.wikipedia.org/wiki/Corralito

Yep makes sense. 

I got confused and thought you meant holding USDC would be better protection than holding USD