There is a going to be a big business to be built on fraud risk for merchants and stablecoins.

Chasing Curiosity. Empathetic Accelerationist. Founding Fullstack Engineer @icebreaker. YC S16, KB7. 
icbk.me/tayyab.fc

Let’s say you order something on a website, idk a tshirt. You pay in stablecoins, you get underwear and the company refuses to answer your support emails. 

You can’t really ask for a refund. CC companies at least give you the ability to claim. 

Same is true for subscriptions that over charge you despite canceling.

Valid points. 

1. There probably is not a big business here, but still one focused on legitimate chargebacks. 

2. I’d be surprised if wallet UX doesn’t feel the same as current CC where approvals are automatic. And cancellation flaws continue to happen.

1. How often do you chargeback online merchants? I suspect $ fraud > $ legitimate chargebacks. Probably by 100x.

So if your eliminate fraud then you get lower prices.

2. You can’t charge a wallet without approval

Full stack dev / ZK + privacy / part-time moloch slayer

ACH / current methods would be better than this than.

I would think stablecoin payments would be best done via escrow. Customer has 2-4 weeks to claim a dispute and get their money back if arbitrator rules in their favor. After that period, money transfers merchants wallet. Similar to chargeback for customers while likely better experience for merchants