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> PayPal and Venmo and the like already make this very easy They make it easy because they abstract away the underlying mechanics. Novi for WhatsApp does the s
by ignoramous 5y ago
> PayPal and Venmo and the like already make this very easy
They make it easy because they abstract away the underlying mechanics. Novi for WhatsApp does the same, but for a much, much larger audience, and does so instantly. While it isn't shackled by the baggage of the financial industry born in an era far removed from the current one, the pace of improvements and deployments can be much faster in face of changing regulations, jurisdictions, and technology itself.
- thehappypm 5y agoInstantly? I’ve come to expect that from Venmo, Zelle, PayPal, etc.
- asdfsd234234444 5y agoyes, google lightning network.
- ignoramous 5y ago> Instantly? I’ve come to expect that from Venmo, Zelle, PayPal, etc. International, fee-less, instant payments? With the amount of ecommerce that happens over WhatsApp and Instagram these days, Meta stands a very good chance with USDP to cut out the middle-men (all of the legacy financial infrastructure) and take the product straight to the consumers. Sure, Meta could partner with PayPal, but Novi is a better, if ambitious, bet.
- pcthrowaway 5y agoConsidering how many horror stories I've heard about people getting blocked from Paypal with funds in their custody, you can't see any benefit to doing this with crypto?