Content
@
0 reply
26 recasts
27 reactions
ST
@vercelabloh
Been thinking about "how to increase the number of USDC transactions at shops" and have decided that the best way is to give people USDC cash back for buying things with USDC; and [loyalty] tokens for buying things with fiat. And then showing merchants how many people have those tokens. Or something of the sort.
3 replies
3 recasts
19 reactions
Sumaa
@sumaa
if the issue is around getting merchants to accept USDC, the cost of a simple integration is zero cost - print them a QR code with their wallet address and put it right next to traditional card reader. Then when they see the activity, you sell them on the custom hardware/wallet that will make it easier for merchants to operate
1 reply
0 recast
0 reaction
Sam (crazy candle person) ✦
@samantha
Substitute lack of a transaction fee for a discount for the customer. “Get a 5% discount if you pay with (insert crypto app name)”. Loyalty programs are great for smbs owners with strong business acumen but are generally difficult to manage for those just trying to make a living :(. I’ve been toying around with it and candles for a while but it’s just a whole other pipeline to manage.
2 replies
0 recast
0 reaction
HOLDMEDOWNLIKEGRAVITY
@dstny
I’m of the same mind — excluding the loyalty / fiat bit — but remain unsure of where the cashback comes from As to me, the narrative of offering consumers 2-5% off their purchase via saved fees isn’t based in reality. Merchants are operating on thin enough margins as is and have been keeping any savings to themselves. I appreciate your thinking on it though, a lot of people avoid the hard problem and just say we’re early
1 reply
0 recast
0 reaction