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Absolute statments usually don't hold up well. Have you considered: Settlement is much quicker. Did you know it could take upto 7 years to settle a cheque/ch

• short_sells_poo 5y ago
  > Did you know it could take upto 7 years to settle a cheque/check. The solution to cheques isn't blockchain, but simply to advance out of 19th century banking. Even a 20 year old mainframe would be an upgrade over cheques.
• endisneigh 5y ago
  Why are you using the worst case scenario? Plenty of banks settle a check in a single business day.
• melenaboija 5y ago
  > Settlement is much quicker. Did you know it could take upto 7 years to settle a cheque/check That has nothing to do with blockchain and does not mean at all it is the best way to solve the problem
• rvz 5y ago
  > Absolute statments usually don't hold up well. There you go. Otherwise I would not see YC's most valuable startup ignoring all these critics and reconsidering and using it for Crypto Payouts if it was so-called 'unnecessary' or 'useless' in the first place. [0] That is the problem with statements that take a very absolutist direction. It goes either way for anti-crypto supporters and also crypto supporters. > Chargebacks and unfavorable refunds can eat into profit. Quick settlements elimate this issue. The customer can instead contact the merchant for a refund instead of abusing the disputes system with chargeback fraud. [0] https://stripe.com/blog/expanding-global-payouts-with-crypto https://stripe.com/blog/expanding-global-payouts-with-crypto