3 ms·
But why would this be exciting? You already have this now with the current banking system! I almost always pay for things with credit card with chip. I just tap
by Eddy_Viscosity2 5y ago
But why would this be exciting? You already have this now with the current banking system! I almost always pay for things with credit card with chip. I just tap the card on the console and boom, payment is instantly made. And... I have fraud protection if my card gets used without permission (this has happened, and I was quickly refunded). What could be easier and better than what we currently have for day to day transactions?
- Barrin92 5y agoIt'd be pretty good for everyone who does international payments like remittances or the few billion unbanked people or if you're stuck in a country like Japan where banking is hell. But yes overall it'd be boring and mundane which was honestly my point. Improving the boring stuff that everyone uses in the real world is actually what's interesting at the end of the day.
- Eddy_Viscosity2 5y agoEven for use-cases like international payments and remittances, sure its better now, but it is only a matter of time before any crypto versions become just as slow, bureaucratic, and rent-seeking as our current system. The poor being exploited by the rich and weak by the powerful is a mode of human behavior that cannot be fixed with hashes.