Content
@
0 reply
0 recast
0 reaction
Madeleine Charity
@mads367
1/ How blockchains simplify transactions š¤ Moving money onchain is strictly better alternative to the offchain status quo. It's cheaper, faster, 24/7 programmable, and more and more of the world is starting to realize. Today's blog post from @privy breaks down how crypto payment rails work š
4 replies
1 recast
3 reactions
Madeleine Charity
@mads367
2/ Making a card payment today is far more complex than most people realize. It's a 7+ step process coordinating multiple banks over several days on a stack that's been around since the 1960s. Given all the complexity, merchants only see ~97% of the transaction value.
0 reply
0 recast
1 reaction
Madeleine Charity
@mads367
3/ The onchain alternative works closer to how you'd expect money to move Consumers transfer funds directly to merchants' wallet as a simple peer-to-peer payment, confirmed on a public protocol. Execution-focused blockchains can often execute transactions for <$0.01
0 reply
0 recast
1 reaction
Madeleine Charity
@mads367
4/ Why now? Onchain payment share is accelerating thanks to a combo of: āØ Better wallet UX/devex šļø More efficient blockchains š¦ A maturing onchain financial ecosystem Check out work from our friends at BVNK, DolarApp, Bridge and who are leading the way!
0 reply
0 recast
0 reaction
Madeleine Charity
@mads367
5/ We're in the beginnings of a multi-year acceleration of the world embracing moving money on crypto rails. Check out today's blog post for more on why we're so excited about onchain payments. https://privy.io/blog/onchain-payments
0 reply
0 recast
0 reaction
