It’s pretty easy to switch between cryptocurrencies, so they can surely find an exchange that is friendly to their business. That’s way better than the credit card situation where there are only four major processors–Visa, Mastercard, Discover, and American Express–and only two of those actually matter.
emmy67@lemmy.world 2 days ago
None of what you said addresses the problem I mentioned.
sugar_in_your_tea@sh.itjust.works 2 days ago
Then I guess I don’t understand your problem.
Payment processors like Visa and Mastercard control a huge chunk of the market, which gives them a lot of say in what transactions are allowed. Even if you avoid credit, most debit cards go through those two companies, so they can restrict what transactions you can make.
With cryptocurrencies, there’s no restriction at the point of sale. Your problem seems to be that converting crypto to fiat could be problematic, and they’d potentially be stuck with “useless” currency. My point is that’s a much easier problem to solve:
There are a ton of options to convert crypto to fiat, there are far fewer to select a different fiat payment processor.
emmy67@lemmy.world 6 hours ago
I’ll bet.
R placing a bad system with a worse system does not solve the problem
sugar_in_your_tea@sh.itjust.works 28 seconds ago
What makes it worse?