Main

commerce

what are your top 3 insights ??
Re: @slice

- it's just a matter of time before most businesses move onchain. it's a win-win-win for buyers, merchants and suppliers. slowly, then all at once.
- ux is catching up fast with web2 commerce. at @slice we're focusing on the last few blockers, after that it's all downhill
- /commerce will become the main @ethereum real-world use case

Ethereum is the world computer. The universal platform for cryptocurrencies, blockchain apps, stablecoins, and decentralized technologies.

The onchain commerce protocol slice.so | follow /slice to stay up to date

onchain commerce is inevitable.

the best part is that higher margins are just one of the many reasons businesses choose @slice

@BrennerSpear + 2.9% (+.30 cents) standard processing
+0.5 - 1% Subscription Management?
+ 0.5% fraud protection
+ 0.5% Refund &amp; chargeback fees
+ 0.5% Tax calculation product
+ 0.7% for automated recurring invoices??
+ 0.4% for invoicing tool
+ 0.25% revenue recognition 
+ 0.10% Refund &amp;…

onchain commerce is inevitable.

the best part is that higher margins are just one of the many reasons businesses choose @slice https://x.com/bobbythakkar/status/1900743145463140622

that’s why @slice exists

look forward to that future

I don’t want to off ramp

I want to buy stuff with eth

that’s why @slice exists

look forward to that future https://x.com/thezeugh/status/1900335536465719663?s=46&t=Xycl0VRHjoxf04tpQIdxLg

why the future of commerce is onchain

- merchants receive funds instantly
- no chargebacks by default
- no bad surprises from intermediaries

dont open an etsy shop 😃 (1/4) https://t.co/bLnG0WlRzF

why the future of commerce is onchain

- merchants receive funds instantly
- no chargebacks by default
- no bad surprises from intermediaries https://x.com/ama_a93/status/1899876550993977815

Base

STOP HERE FOR COOKIES

A local Girl Scout troop is selling cookies at ETHDenver Home Base, powered by @slice 
 

Pay in USDC, leave with Thin Mints — and look out for the $500 golden ticket hidden in one of the boxes 👀

credit card processing fees for merchants are ~2.9% + a fixed fee, usually $0.30 or less. debit is much more reasonable with no % fee and only a fixed fee, which is why some merchants are debit/cash only

so even if onchain payments on a cheap L2 like /base aren’t “free” since the merchant needs to off-ramp USDC with a spread of 0.5-1%, this is still a huge improvement for their payment processing

put simply: crypto is a meaningful improvement for merchants vs. legacy systems

one thing few realise, is that soon merchants won't need to offramp at all

that's the future we've been building all along

Two thoughts:

1) These videos are getting better -- @jessepollak street interview game getting stronger (we see you G). It's fun watching "normal" people react to offers of crypto 😆

2) Real talk, I don't understand why crypto is better for IRL small businesses than existing payment rails. Is it mainly the fee structure? 

I've understood financial bundling (https://haseebq.com/crypto-is-financial-unbundling/) to be beneficial for businesses because it reduces risk -- though it can also hurt them via chargebacks

Genuine question and curious to learn from folks who know more about the payments space

why is crypto better for IRL small businesses than existing payment rails?

the same reasons it's better than fiat: decentralization, self-custody, borderlessness, composability, no intermediaries, speed - and of course higher margins.

fear of adoption is the vector sum of distrust in an unknown financial system and suboptimal ux. the first fades as education spreads, and we're taking care of the second :)

ETHDenver

We're hosting an Onchain Future Showcase on the /ethdenver showfloor

Come see what's next from @moshicam, @slice /farcade, and @freysa

Experience the future of commerce at /ethdenver with @slice ▼

commerce will be on a whole new level here, matter of time

Probably 2 weeks away from showing demo for a POS built on Coinbase commerce connected to a tap to pay reader module.

Current process (show qr code, user scans, confirms a bunch of shit) is too much.