Mac Budkowski แต pfp
Mac Budkowski แต
@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 ๐ŸŽฉ pfp
kenny ๐ŸŽฉ
@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"
2 replies
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Psaul Ogun pfp
Psaul Ogun
@psaul
Do you know anything about progress made in the KYC via ZKP front?
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kenny ๐ŸŽฉ pfp
kenny ๐ŸŽฉ
@kenny
yes from what I understand that only works as long as you trust governments to be reliable partners that act in good faith to give us reliable, consistent, and unbiased KYC rules I don't, so I'm not optimistic
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