Re:Binance US No Longer Allows USD Withdrawal for Users
by charcircuit on Wednesday October 18, 2023 @11:45AM
(#37930347)
The network does the payment processing. The rest can be implemented at a higher level. It is like offering customer support for open source software. Technically anyone can build a company on top of the software and start providing support.
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Re:Binance US No Longer Allows USD Withdrawal for Users
by smoldesu on Wednesday October 18, 2023 @11:50AM
(#37930440)
> The rest can be implemented at a higher level
Eg. the rest is optional and doesn't come with the same guarantees as the base network.
I don't hate cryptocurrency personally, but it's not hard to see how 99% of users would prefer "the rest" implemented well over a properly transparent blockchain.