Mac Budkowski ᵏ pfp
Mac Budkowski ᵏ
@macbudkowski
Stripe making payment processing fast and reducing costs to 2.9% -> Great Innovation Crypto making payment processing 50X faster and reducing costs to 0-0.1% -> Not important use case with little impact on GDP
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julien pfp
julien
@julien51.eth
I think Stripe won a lot not because of prices, but by removing the need for PCI compliance and a (very good) API!
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Mac Budkowski ᵏ pfp
Mac Budkowski ᵏ
@macbudkowski
They won the developers' hearts :)
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julien pfp
julien
@julien51.eth
Exactly. Their pricing is actually not that great... they competed on building the best devX and making it 10x faster and easier for a startup to accept card payments than the alternatives at the time. I think they are relatively struggling a bit more now because others (Adyen... ) have built similar experiences.
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Mac Budkowski ᵏ pfp
Mac Budkowski ᵏ
@macbudkowski
On the other hand crypto - at least theoretically - makes it even easier to accept payments, right?
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Mac Budkowski ᵏ pfp
Mac Budkowski ᵏ
@macbudkowski
^If the user owns crypto ofc
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julien pfp
julien
@julien51.eth
Yes, but not from _everyone_ because too few people have wallets! I think that is why Paypal is investing in crypto so much more. They realized that many people has a paypal account!
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