Re:OnlyFans shows Visa and MasterCard are 'choke-points' of ...
by Diti on Tuesday August 24, 2021 @05:11AM
(#28286504)
That wouldn’t fix the Visa/Mastercard chokepoint, as you need fiat money to buy cryptocurrencies.
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Re:OnlyFans shows Visa and MasterCard are 'choke-points' of ...
by fragileone on Tuesday August 24, 2021 @06:47AM
(#28287069)
The idea is that with widespread adoption of crypto, there is less need of a fiat onramp since people can get paid + buy things in crypto and not need to swap to fiat.
Re:OnlyFans shows Visa and MasterCard are 'choke-points' of ...
by pavlovskyi on Tuesday August 24, 2021 @05:51AM
(#28286771)
Maybe it could move the center of gravity from Visa/Mc. But it is only an hypothesis.
Re:OnlyFans shows Visa and MasterCard are 'choke-points' of ...
by quantified on Tuesday August 24, 2021 @05:21AM
(#28286563)
But cutting off Bitcoin or other major coin purchasing would have a big impact beyond OnlyFans. Not that you’re wrong, it’s just that the credit card processors would sort of be declaring war on crypto.