this post was submitted on 14 May 2026
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We have that, it’s called crypto and everyone seems to hate it.
Yah no, it has to be more stable I don't want to one minute be paid a fair price and the next have nothing or have paid 2x what the thing was worth.
Crypto isnt a payment processor, and it has no backing as a currency except current social agreement (yes thats most money but issued currencies are backed by central authorities) and it basically exists for ponzi schemes. Its so insanely volatile that its not for every day people.
That's not even mentioning that its sole value is to convert back into regular backed currency.
Lol nobody gonna want to use an extremely volatile currency as payment processor. Rest of the world just needs to implement system similar to PIX from brazil.
one with... fuck, last i checked (a while) something like $40 transaction fees. vs 3% to $3.50 transaction fees. Can't remember which, i'm trying to fall asleep and remembering will wake me up..