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I somewhat disagree. Sometimes I need to send payments internationally; in the US most chat apps allow for this. Or people use CashApp/PayPal. Sometimes I'm cha

I somewhat disagree. Sometimes I need to send payments internationally; in the US most chat apps allow for this. Or people use CashApp/PayPal. Sometimes I'm chatting with friends outside of the US and the choices to send money are very limited and problematic (e.g.: Argentina inflation, low PayPal adoption outside US and I think CashApp isn't available) I don't know the specifics of the cryptocurrency being used, but adding the ability to send money is welcome

gruez 6y ago
>in the US most chat apps allow for this and those would be? The top chat apps are: https://www.statista.com/statistics/258749/most-popular-global-mobile-messenger-apps/ https://www.statista.com/statistics/258749/most-popular-glob...
- Gaelan 6y ago
  That list is global, and the US list[0] seems weird, but I'll go over some apps that are and aren't on the list: FB Messenger (#1): looks like it does Snapchat (#2): did, but killed it in 2018. Don't think it ever had significant traction WhatsApp (#3), Instagram (not listed, probably because it isn't primarily a messenger, but from personal experience it is commonly used as one): nope, but might be getting it soon[1] Messenger by Google (#4): looks like it does from their website, but I don't use Android Discord (#5): nope iMessage (not listed, but hard to believe that's correct): does, via Apple Cash So yes, messengers with send-money features are fairly common in the US. That being said, at least in my experience (college age, PNW) nobody uses them—we use use dedicated apps like Cash and Venmo. [0]: https://www.statista.com/statistics/350461/mobile-messenger-app-usage-usa/ https://www.statista.com/statistics/350461/mobile-messenger-... [1]: https://www.cnet.com/news/facebook-pay-will-let-you-send-payments-on-messenger-whatsapp-and-instagram/ https://www.cnet.com/news/facebook-pay-will-let-you-send-pay...
  - arenaninja 6y ago
    Yeah in the US CashApp/Zelle/PayPal works great. FB/Apple/Google messenger apps support this but adoption is relatively low especially compared to something like WeChat
alpaca128 6y ago
> low PayPal adoption outside US As a European I have the opposite impression. Pretty much all online sellers I know that don't offer Paypal are in the US. And sending money is one thing, having yet another weird cryptocurrency is not the right solution though.
- qqii 6y ago
  Companies is one thing, individuals are another. Rough estimating using the people I know barely anyone has or uses PayPal.
- arenaninja 6y ago
  > having yet another weird cryptocurrency is not the right solution though. Maybe we disagree on the problem. From the US one of the most convenient solutions is Xoom; in my experience the turnaround is around 24-48 hours depending on the country and institution that's receiving funds. First there is a transaction fee, I usually pay $3 - this seems to be flat so 3% if I'm sending $100 and 1% if I'm sending $300 (I've sent $300 maybe once, more commonly I need to send <$100). Then they double dip by using a favorable exchange rate. I would be surprised if we can't do this better with crypto (note I am not a huge crypto supporter in its current state)
anaganisk 6y ago
How are you going to a cash a crypto whose value is very volatile, like unless you cash out immediately its value in "real money" is in loss or is much higher?
- __MatrixMan__ 6y ago
  You could peg the value to USD like DAI does.

gruez 6y ago

>in the US most chat apps allow for this and those would be? The top chat apps are: https://www.statista.com/statistics/258749/most-popular-global-mobile-messenger-apps/ https://www.statista.com/statistics/258749/most-popular-glob...

Gaelan 6y ago
That list is global, and the US list[0] seems weird, but I'll go over some apps that are and aren't on the list: FB Messenger (#1): looks like it does Snapchat (#2): did, but killed it in 2018. Don't think it ever had significant traction WhatsApp (#3), Instagram (not listed, probably because it isn't primarily a messenger, but from personal experience it is commonly used as one): nope, but might be getting it soon[1] Messenger by Google (#4): looks like it does from their website, but I don't use Android Discord (#5): nope iMessage (not listed, but hard to believe that's correct): does, via Apple Cash So yes, messengers with send-money features are fairly common in the US. That being said, at least in my experience (college age, PNW) nobody uses them—we use use dedicated apps like Cash and Venmo. [0]: https://www.statista.com/statistics/350461/mobile-messenger-app-usage-usa/ https://www.statista.com/statistics/350461/mobile-messenger-... [1]: https://www.cnet.com/news/facebook-pay-will-let-you-send-payments-on-messenger-whatsapp-and-instagram/ https://www.cnet.com/news/facebook-pay-will-let-you-send-pay...
- arenaninja 6y ago
  Yeah in the US CashApp/Zelle/PayPal works great. FB/Apple/Google messenger apps support this but adoption is relatively low especially compared to something like WeChat

alpaca128 6y ago

> low PayPal adoption outside US As a European I have the opposite impression. Pretty much all online sellers I know that don't offer Paypal are in the US. And sending money is one thing, having yet another weird cryptocurrency is not the right solution though.

qqii 6y ago
Companies is one thing, individuals are another. Rough estimating using the people I know barely anyone has or uses PayPal.
arenaninja 6y ago
> having yet another weird cryptocurrency is not the right solution though. Maybe we disagree on the problem. From the US one of the most convenient solutions is Xoom; in my experience the turnaround is around 24-48 hours depending on the country and institution that's receiving funds. First there is a transaction fee, I usually pay $3 - this seems to be flat so 3% if I'm sending $100 and 1% if I'm sending $300 (I've sent $300 maybe once, more commonly I need to send <$100). Then they double dip by using a favorable exchange rate. I would be surprised if we can't do this better with crypto (note I am not a huge crypto supporter in its current state)

anaganisk 6y ago

How are you going to a cash a crypto whose value is very volatile, like unless you cash out immediately its value in "real money" is in loss or is much higher?

__MatrixMan__ 6y ago
You could peg the value to USD like DAI does.