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I don't know a lot about this area, but I like the [1 doge = 1 doge] thing where people completely stop thinking about dollars and crypto-to-fiat conversion. T
by adrianwaj 26d ago
I don't know a lot about this area, but I like the [1 doge = 1 doge] thing where people completely stop thinking about dollars and crypto-to-fiat conversion.
The card can work with Lay-buy/lay-by:
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You go into a store, pick something out. Get a crypto address for it and the amount required with your special card. They set the thing aside. You leave and return to the store when the transaction has gone through and get your stuff.
You don't pay immediately because you don't want to be walking around with a crypto wallet or a crypto debit card. The merchant doesn't want to pay fees either when dealing with an intermediary. There's no fiat conversion either, at least not as a given.
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Gemini says this:
"If you want to do this today, ask the merchant to print or email you a dynamic checkout invoice/QR code so you can complete the transfer on your own device later."
But how widespread is that?
"It is virtually non-existent at retail scale. While the underlying technology exists, you will practically never encounter this specific workflow in the wild."
https://share.gemini.google/ZBHVZo47ZSn1 https://share.gemini.google/ZBHVZo47ZSn1
The "special card" is an evolution of that use-case and organizes it better. You can leave home without thinking about dollars, ready to pay with crypto and not worry about being robbed. No worrying about stockpiling a bunch of receipts either. It's just a 2-step buying process, that's the downside. The shop also has to hope you end up paying once they set it aside. Maybe they'll need a deposit. They can offer deliveries?
Another idea is to pay online and collect it later. Use the card to authenticate yourself when you collect. That would need some decent tech backing it. Make it non-committal where if you don't collect within a certain time frame, you get your money back but lose a penalty chunk.
Isn't this what smart contracts are designed for - crypto transactions tied to real world events? The "special card" provides those events.
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