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There is already USDC, USDT, DAI that are all US dollars. I use Argent wallet for payments between friends using them and it is a nice experience (especially b
by TimJRobinson 4y ago
There is already USDC, USDT, DAI that are all US dollars.
I use Argent wallet for payments between friends using them and it is a nice experience (especially because Venmo and Cash both aren't available outside the USA), the friction is sending them to and from a traditional bank account, you currently have to use an exchange - but this will change soon.
- jgalt212 4y agoAnd there will be a huge amount of friction there: - ACH is reversible - wires are expensive
- cguess 4y agoReversable transactions are a feature, not a bug.
- eropple 4y ago> There is already USDC, USDT, DAI that are all US dollars. They would dearly like you to believe that they are dollars. To date the dollar-backing of USDT at least has not been substantiated and I don't think I know anyone in the cryptocurrency space who thinks any of those are actually real and responsible--they're just trying not to be the ones caught with the bag when the music stops and actual money is called in.