They tried bitcoin. And also fraud was a concern too.
With Monero, fees are minimal and there’s no possible way to prove fraud thus if you KYCd youd be breaking no laws and it would work quite well. The volatility is still a factor though for sure.
Stablecoins exist but ETH also has large fees at certain times like btc so and other chains like Polygon are trash and not as secure.
Volatility is a factor, but using a different crypto than Bitcoin is necessary to avoid high fees and stolen coins
NotMyOldRedditName@lemmy.world 1 day ago
They stopped using Bitcoin when the idiots scammed everyone into thinking we couldn’t raise the blocksize, which caused massive congestion and delayed transactions, which resulted in complicated failed payments/refund problems.
They were 100% right to stop accepting it given the problems the congestion caused.
You can just use something like Ethereum instead now and avoid that entirely, and you can avoid the volatility by accepting something like USDC