Re:Crypto Winter, or Crypto Ice Age?
by axg11 on Thursday July 14, 2022 @09:49AM
(#32096075)
That's the point! Locally, there are great options almost everywhere. In Canada, I can e-transfer (Interac) anyone and the transfer is ~instant. Across borders the solutions are much worse. Crypto is the only payment rail that can realistically reach _everywhere_.
[ Parent
| on HN ]
And how often is that needed? And how often does it not also involve other issues, such as violating money laundering rules or tariffs?
Crypto is the only payment rail that is practically accepted nowhere (I cannot use it to pay 99,99% of the places I do business with).
Re:Crypto Winter, or Crypto Ice Age?
by peoplefromibiza on Friday July 15, 2022 @01:46PM
(#32110865)
more than 350 billion/year travel from US to Europe as payments for exported goods.
I think it already works...
locally in EU means SEPA is available in 36 countries (includes some non-euro area and non-EU countries) and to more than 500 million people.