You’re early, and better products are being built.

I’ve been having those thoughts recently too, but one idea eased by mind a bit.

In America, 90% of all fiat transactions are settled using four payment providers. Visa, American Express, Discover, and Mastercard. These are companies which typically charge 3% plus $0.30 per transaction, provide little to no final settlement assurances. Nobody who uses them understands how they work, nor do they really car.

I think great self custodial peer to peer Bitcoin payments apps will be built, which will scale Bitcoin to 8B plus daily users. But for a moment, let’s imagine that they aren’t.

Even if you just convert fiat payment infrastructure to Bitcoin final settlement rails, you’ve still improved the system immensely. Most users would be trusting, most wouldn’t understand the system, but they would know two things: there are 21 million Bitcoin, and you can easily audit the supply. Just those two changes would obsolete fractional reserve and force institutions to either live under a Bitcoin standard or risk blowing up. We are already seeing this play out with companies like Swan and Celsius, where Swan survives and Celsius implodes in under 4 years.

Final thought, have you checked out Phoenix? Big step up over Cash App in terms of self custody and almost as friendly to mainstream users imo.