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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 ▼

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

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.

Stripe used to be the smoothest payments solution for devs. Today, not so much.

This isn’t our current focus, but @slice and onchain purchases improve the status quo by 10-100x.

Onchain commerce will change everything.

Stripe used to be the smoothest payments solution for devs. Today, not so much.

This isn’t our current focus, but @slice and onchain purchases improve the status quo by 10-100x.

Onchain commerce will change everything. https://youtu.be/Wdyndb17K58?si=r-vf-XIwNYaU6LsZ

use case research @ethereumfndn | maintainer mechanism.institute

had one of the best chats about decentralized / onchain commerce today with @orishim, and realised I have so much to share on the topic.

I'll start posting again here to raise awareness that onchain commerce is inevitable, and that you're not bullish enough on ethereum. we'll soon show you why with @slice.

gm

Now that Ross is free, it’s time we revisit the original cypherpunk vision of truly p2p commerce.

DeCom: open, privacy-preserving markets for the real economy.

https://x.com/orishim/status/1882064487718777094

this belongs here.

@orishim you might want to check out @slice. also we like to call it onchain commerce :)