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>Of course you can work around this by having third party payment processors that sit between customers and the raw blockchain. There are decentralized solutio
by AgentME 9y ago
>Of course you can work around this by having third party payment processors that sit between customers and the raw blockchain.
There are decentralized solutions that don't involve trusted 3rd party payment processors. Payment channels and the lightning network will allow many transactions to happen between users that eventually and safely get settled onto the blockchain as only a few transactions containing the net transfer. These systems are decentralized without relying on trusted 3rd party payment processors, and the users are safe from counterparty risk like they are with normal transactions. (I know another reply mentioned Lightning. I just wanted to do more explanation and emphasis on parts.)