As #Circle , #Tether and the #banking industry buy their way into US government stablecoin legislation, how do you think the MOE dream of #Bitcoin & other #cryptocurrencies fit in? Does #btc "Reserve Asset" status mean anything from a #cryptoconomy perspective?
In attempts to onboard vendors to accept crypto, I am running up against the fact that modern fiat payment methods kick ass. Crypto wallets and payment systems that can compete with Apple / Google Pay are non-existent.
The payment processor fees being lower with crypto argument is becoming less effective. I spoke to a vendor today who told me his bank is essentially charging him 0.2% of all transactions. This is a long way from the 10¢ + 3% I'm expecting to hear about.
A must watch!
Polygon is by far the least expensive network to use stablecoins on.
#POL #USDC #USDT #DAI #Polygon #stablecoin
It's true! We would love if every business that accepted Bitcoin would keep it as #Bitcoin, but not many want to deal with the volatility. This is where stablecoins like #USDC #USDT & #DAI and DeFi come in.
Without a bank, and using FOSS, businesses can accept bitcoin, easily convert to a stablecoin and then begin earning a CPI competitive interrst rate on a DeFi platform like Aave.
But Bitcoin and many other cryptos ARE assets. Most governments even categorize them as such.
Also, legal disclaimers on social media are useless.
Refresh your knowlege of the history of money.
Dialed in!
That's how we would describe the dev team at #bitrequest
They just added #USDC on Polygon to their long list of cryptocurrencies accepted on the Bitrequest POS.
WHY does this matter? Because 99.9% of merchants do not want to deal with crypto volatility.
Almost everyone knows that cash is the currency that offers the most privacy, but your money isn't the only place you can get privacy.
https://odysee.com/@NaomiBrockwell:4/privacy-101:3?r=DafeGNLwtWqZ2c8z8b14z1zkR1dAG2Fh
Cash by mail or face to face. You may need to make your own offer.
Bisq.network is pretty easy to install & use
This is college priced in gold over the past several decades, bitcoin would be similar.
That sucks! I like the idea of hanging out buying bitcoin. Have you tried putting an offer on Bisq?
True. We do not promote that method, but very true.
With so very few vendors who accept crypto at all, and since many that do simply convert to fiat, why would you be unwilling to do the conversion prior to a transaction?
Do you have a shortlist of coins you are willing to use?
nostr:nprofile1qqsfflr47enjxvkjch7s4dcf58z3pddyafymqllfevaehdu25tdua0qpzpmhxue69uhkummnw3ezumt0d5hszrnhwden5te0dehhxtnvdakz7qgawaehxw309ahx7um5wghxy6t5vdhkjmn9wgh8xmmrd9skctcf3r4xm is only a POS and not a wallet.
For other related resources follow nostr:nprofile1qqsfmt5xeuaeaxdseegdu62errxs2altdl2m24ug3kdjrel9dlte38gpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhszrnhwden5te0dehhxtnvdakz7qgawaehxw309ahx7um5wghxy6t5vdhkjmn9wgh8xmmrd9skctchnrwpl
AcceptCrypto.org
nostr:nprofile1qqsfflr47enjxvkjch7s4dcf58z3pddyafymqllfevaehdu25tdua0qpzpmhxue69uhkummnw3ezumt0d5hszrnhwden5te0dehhxtnvdakz7qgawaehxw309ahx7um5wghxy6t5vdhkjmn9wgh8xmmrd9skctcf3r4xm is very good, and super simple to setup.