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Online retailers almost surely do better by allowing easy use of credit cards by even the least technical 5% of Americans than they would from a lower fraud sys
by sokoloff 3y ago
Online retailers almost surely do better by allowing easy use of credit cards by even the least technical 5% of Americans than they would from a lower fraud system that required a moderate or higher level of technical acumen to operate.
Suppose I'm at a computer ready to buy a PS5 on BestBuy's site. What's the complexity now vs under a proposed private-key system? What's the loss in conversion rate on the latter?
- pants2 3y agoI'm not sure exactly what that might look like, but if you look at crypto wallets for example, you could have a browser extension (or something like Apple Pay) that's able to custody the private key and sign transactions. Once you have it set up, it would be much easier than entering a CC number.
- 8n4vidtmkvmk 3y agoThen offer both until the general public learns. The savvy can use the more secure system and the rest can upgrade when they're feeling brave.