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0 pointsnikcub8mo ago0 comments

It's not about the domestic use case - that is solved by regulation in stable economies. Try paying someone in Pakistan from Australia. Business is global now.

0 comments

jama2118mo ago

I seem to have no issue purchasing goods online from stores operated in other countries.

wholisticguy8mo ago

You do so at the pleasure and convenience of duopoly of credit card payment processors (Visa and MasterCard).

And occasionally, they will withdraw that service for arbitrary and capricious reasons

https://news.ycombinator.com/item?id=44685011

Crypto stablecoins running on blockchain rails provide an alternative to that network.

jama2118mo ago

I believe the duopoly is bad, but the solution to that is market regulation, not crypto.

j / k navigate · click thread line to collapse

0 comments

jama2118mo ago

I seem to have no issue purchasing goods online from stores operated in other countries.

wholisticguy8mo ago

You do so at the pleasure and convenience of duopoly of credit card payment processors (Visa and MasterCard).

And occasionally, they will withdraw that service for arbitrary and capricious reasons

https://news.ycombinator.com/item?id=44685011

Crypto stablecoins running on blockchain rails provide an alternative to that network.

jama2118mo ago

I believe the duopoly is bad, but the solution to that is market regulation, not crypto.

j / k navigate · click thread line to collapse