Pegged to it doesn't mean it's the same.
While USDC is backed by Coinbase and more trustworthy than Tether. A lot of it is still going to uncharted territory.
Never said that. I'm only saying businesses can use it.
This is you from [0]:
> That's not doable in practise.
So a business cannot use USDC on some cryptocurrency like Stellar today then? [1]
So the concerns of high transaction fees, unstable price fluctuations and slow transfers which are all the properties of using payments with Bitcoin are somehow not solved because of USDC and it being built on cryptocurrencies like Stellar?
are you sure?
[1] https://ir.moneygram.com/news-releases/news-release-details/...
Still, this doesn't address the fact that the op will lose a lot of business with solely crypto.
Therefore, it isn't an answer to his question. So it's not doable in practise.
Except if you want to lose a lot of money if you solely accept crypto.
This has all happened before in 2017. And shortly after crypto was removed as payment option almost everywhere.
Nothing fundamentally has changed since 2017. If so, what?
Why not ask MoneyGram? Maybe they can give you a better answer than I or anyone else here could.
> Still, this doesn't address the fact that the op will lose a lot of business with solely crypto.
Solely? I don't think that is what you said originally, was it? [0]
From [0]
> That's not doable in practise.
> - You would immediately take a hit, because crypto payments are not popular.
> - Currency/btc conversion fees are more expensive than any transaction fee.
> Many ecoms added support in 2017 and removed that functionality again.
> There's no interest for buying things that isn't part of the "pump and dump" scheme. NFT's are probably the only thing, since they hope to resell it for more money.
So OpenSea / Rarible / Dent Wireless are not businesses only accepting cryptocurrencies then?
> This has all happened before in 2017. And shortly after crypto was removed add payment option almost everywhere.
> Nothing fundamentally has changed since 2017. If so, what?
Right so it will happen again in 2021, 2022 then?
So in 2021, MoonPay, BitPay, Coinbase Commerce and Circle.com enabled businesses do not allow their customers like VISA, AMC and Shopify to accept cryptocurrencies and stablecoins like USDC?