It really isn’t, in this case. The issue is not the currency being used for the transactions, but rather two companies having a duopoly on processing those transactions that allow them to dictate terms to other people on how they can legally use their money. If there were two similar points of failure in processing cryptocurrency transactions, they would be just as vulnerable to having whoever occupied those two spots throwing their weight around. Sure, I suppose in that situations, companies could take payments to a new wallet easier than they could open new business accounts, and bypass the restrictions temporarily, but it still wouldn’t be a viable solution in the long term.
hraegsvelmir@ani.social 3 weeks ago
It really isn’t, in this case. The issue is not the currency being used for the transactions, but rather two companies having a duopoly on processing those transactions that allow them to dictate terms to other people on how they can legally use their money. If there were two similar points of failure in processing cryptocurrency transactions, they would be just as vulnerable to having whoever occupied those two spots throwing their weight around. Sure, I suppose in that situations, companies could take payments to a new wallet easier than they could open new business accounts, and bypass the restrictions temporarily, but it still wouldn’t be a viable solution in the long term.