androidsixteen
@androidsixteen.eth
Two thoughts: 1) These videos are getting better -- @jessepollak street interview game getting stronger (we see you G). It's fun watching "normal" people react to offers of crypto 😆 2) Real talk, I don't understand why crypto is better for IRL small businesses than existing payment rails. Is it mainly the fee structure? I've understood financial bundling (https://haseebq.com/crypto-is-financial-unbundling/) to be beneficial for businesses because it reduces risk -- though it can also hurt them via chargebacks Genuine question and curious to learn from folks who know more about the payments space
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Levi
@levithegiant
Number 2 is rather easy for me as I've been studying payments/community member for 3 years now. Fee structure with payments is changing. 1% or less compared to the 2-3%+ fees merchants already pay. No chargeback risk and far more impossible to skim. Digital wallets are becoming more popular as well, just an SDK integration away now for some. Space will accelerate when stablecoin framework gets passed in Congress. Only thing holding back banks from switching to crypto in the background is the risk of a non-compliant asset being used. Recommend this book. Michelle is a leader in the legal space when it comes to digital assets and was advisor to Wyoming Stablecoin (Sen Lummis also heavily involved). She was also the head of compliance at Flexa for a bit. Flexa is how I spend digital assets at Dunkin/Chipotle/Sheetz etc.
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