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A couple benefits cryptocurrency brings over the traditional finance system, off the top of my head. * democratic access. I don't need to ask Visa, PayPal, or
by mhluongo 10y ago
A couple benefits cryptocurrency brings over the traditional finance system, off the top of my head.
* democratic access. I don't need to ask Visa, PayPal, or any other payment processor to accept payments online. There are plenty of businesses underserved today. Some of these are in "gray" areas, others aren't.
* disintermediation of middle-men. There are tons of rent-seekers in finance (eg, banks protected by a regulatory moat). An open system that competes with them will lower prices for everyone.