Re:Stripe acquires Lemon Squeezy
by danielmarkbruce on Saturday July 27, 2024 @07:59PM
(#41090250)
For exactly what? Show the lowest cost provider in "traditional finance" and the cost using some blockchain for an end to end transaction that someone actually wants to do.
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Sure: retail payments or international remittance - find the cheapest tradfi provider and we’ll go from there.
Re:Stripe acquires Lemon Squeezy
by danielmarkbruce on Sunday July 28, 2024 @08:32PM
(#41097088)
ACH costs zero and some retailers accept it and more and more now with FedNow.
International remittance - atlantic money does $3 or something flat. By the time you get your cash into a crypto exchange and out, you are hosed for more than $3. If you can be bothered to open an account with someone like Interactive Brokers (yes, a traditional online stock brokerage) you can do it for about zero - you get wholesale FX prices and you can deposit/withdraw money from various accounts as long as you have all the paper work in place - annoying, but doable.
Again, a couple entries into relational databases, which is the true underlying cost structure of "traditional finance" is really hard to beat.
> By the time you get your cash into a crypto exchange
Why would you do that?
Re:Stripe acquires Lemon Squeezy
by danielmarkbruce on Monday July 29, 2024 @11:47PM
(#41105898)
Then, go ahead and explain, in some detail end to end, with costs, how to do the things you brought up. You aren't going to beat the underlying cost structure.