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As it stands, without crypto, you are pretty much a hostage to visa, mastercard, discover, and amex to exchange money effectively, and those companies are opini
by philippejara 4y ago
As it stands, without crypto, you are pretty much a hostage to visa, mastercard, discover, and amex to exchange money effectively, and those companies are opinionated to a disturbing extent about who they deny business with when it comes to something so important.
While those companies are not operated as some sort of common carrier of transactions crypto is essential for a free global society.
Apparently Trump of all people actually tried to make it so[0], but Biden seems to have taken it down.
[0]: https://archive.is/wrpvO https://archive.is/wrpvO
- SoftTalker 4y agoWhat happened to cash? While I don't use it a lot anymore myself, I'm struggling to think of any service or product I use whose provider would not happily accept cash as payment. There are more than a couple of small restaurants here that only accept cash. My barber only accepts cash.
- web3isgoing 4y agoDepends where you live. Most developed countries are moving away from cash. Some already have.
- DennisP 4y agoCash is risky for any business or charity that's not physically nearby.
- BeFlatXIII 4y agoPayments to remote distances become cumbersome.