Paul Berg
@prberg
Change my mind: Paying a crypto address is simpler than making a bank transfer. IBANs, SWIFT and sort codes, account numbers, routing numbers, ACH, ABA, physical addresses (of the bank or of the recipient?), KYC verifications, etc. Bank accounts are a mess.
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Stephen Caudill
@mrmemes.eth
Modern banking infrastructure (in the US at least) makes bank transfers easy (i.e. with Zelle); maybe easier than crypto. *Getting* a bank account OTOH, is difficult by design. It's a universal choke point providing control, oversight, censorship and even the ability to excommunicate you from the Church of Capitalism.
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Robotandkid
@robotandkid
this is true. The gotcha is that setting up a wallet and converting crypto to fiat can be very challenging for non-technical folks
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Harsha Singamshetty
@harshasingam
I second that
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Barry Scott
@jacknorris
Yes and no. Crypto honestly isn’t very user friendly. The addresses are verbose. The ability to permanently lose assets due to mistakes on either end is high. At least with a bank you are somewhat protected from being an idiot. Crypto has a ways to go before it’s at that level.
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Gmaer
@gmaer
I don’t think anyone here is gonna fight you on that 🤣
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wkyleg.eth
@wkyleg
This exactly! If you've ever dealt with international wire payments even more so Secondarily, ENS is inherently better than Vemno, Cash App, Mercado Pago, WeChat usernames I would bet strongly that within 5 years making a Stable Coin payment on Base to an ENS name will be fairly common, if not standard
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