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Sort of. Any company is free to boycott goods or services it doesn't approve of, however consumers also are free to boycott payment processors by paying with cr
by burnt-resistor 1y ago
Sort of. Any company is free to boycott goods or services it doesn't approve of, however consumers also are free to boycott payment processors by paying with crypto made through ACH or wire transfers, or some other P2P payment method. I really think that credit card processors as predatory loan enablers and oligopolies need to be abolished and replaced by nonprofit credit unions with an electronic payment system that is universal, low cost, and non-discriminatory.
- wkat4242 1y agoThe problem is those other options aren't very common and crypto is pretty useless as a payment method these days due to slow processing and high value fluctuations. Wore transfer is also slow. It's indeed ridiculous that you need to get a loan just to be able to pay with your own money. At least here in Europe most "credit cards" are actually debit cards. Because we really frown on loans (the best credit rating is for the person who has never even needed to take out a loan)
- bornfreddy 1y agoAgree, except: > ...and crypto is pretty useless as a payment method these days due to slow processing and high value fluctuations. That is not true. For example using USDT on Polygon is cheap (~0.00 USD fee), fast (a few seconds) and not volatile (because its value is tied to USD). There are other options too, with a slightly different set of tradeoffs. The main problems of crypto are actually scams and illiteracy of the masses on how to use it. The situation is IMHO improving on both counts, but slowly.
- akimbostrawman 1y ago>crypto is pretty useless as a payment method these days due to slow processing and high value fluctuations Crypto != Bitcoin. Monero for example is relatively fast and stable with the additional benefit of full privacy and anonymity.