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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kenny 🎩 pfp
kenny 🎩
@kenny
problem is KYC regular system revolves around necessity for draconian KYC rules and trying to fit crypto into them is square peg/round hole exercise so once you jump through the KYC hoops with crypto, there goes your "cost reduction"
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Mac Budkowski ᵏ pfp
Mac Budkowski ᵏ
@macbudkowski
true, i know a guy who runs one of the biggest onramps in crypto and these costs are huge
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