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USD requires either a bank account or physical cash. This just needs a network connected device.
by MithrilTuxedo 5y ago
USD requires either a bank account or physical cash. This just needs a network connected device.
- splintercell 5y agoNot true. Strike requires KYC, just like a bank does.
- vidarh 5y agoStrike is not a requirement. The proposal is to allow Bitcoin payments, not specifically Strike.
- AlexandrB 5y agoIn practice, what potion of people store and manage their own wallet on their own hardware? Isn’t that usage pattern extremely rare? If so, what’s the difference between having a bank account and a Coinbase (or other exchange) account?
- cdiddy2 5y agowell according to this https://www.statista.com/statistics/1011424/el-salvador-bank-account-ownership-rate-type/ https://www.statista.com/statistics/1011424/el-salvador-bank... only 30% of adults have a bank account to begin with. Probably a lot easier to setup a bitcoin wallet
- NaturalPhallacy 5y agoIt's absolutely easier. It just requires a computer connected to the internet. There are billions of those. A bank account requires all kinds of state sanctioned proof which subjects you to authoritarian monitoring, which is by desing.
- eloff 5y agoWhat's wrong with either of those? And why are they harder than digital wallets and exchanges?