Sure sure, is it a sound, decentralized bottom up monetary network built by the people for the people on cryptography rails on an uncensorable network?
Comment on Crypto mogul Do Kwon, known as ‘the cryptocurrency king,’ pleads guilty to fraud charges
Alphane_Moon@lemmy.world 1 month agoYou don’t need crypto as an alternative to MasterCard/Visa. There are multiple national payment systems that de facto work on a public benefit basis or offer no fees or very low fees.
One major example is India’s UPI:
en.m.wikipedia.org/…/Unified_Payments_Interface
Even in a medium sized developing country like Ukraine, I can send to anyone money (P2P, business payment, business transaction) with minimal or no fees on a near instantaneous basis off my phone.
I am not on top of recent payment infrastructure developments, but from memory this is relatively common.
No need for scam services like PayPal, Venmo.
And this has been avaible for half a decade minimum (was living in another country before then).
DSN9@lemmy.ml 1 month ago
Alphane_Moon@lemmy.world 1 month ago
bottom up
built by the people for the people
Love your style!
DSN9@lemmy.ml 1 month ago
👀
cupcakezealot@piefed.blahaj.zone 1 month ago
i'm not saying i'd use it or want it; i just meant it could have been had it not basically been relegated to the fringes by the cryptobros that made it unlikeable.
Alphane_Moon@lemmy.world 1 month ago
That’s fair. I do agree it has some properties to potentially be used in payment infrastructure systems.
I would argue something like India UPI (we don’t have a name for it in Ukraine) is better in every possible respect than a payment infrastructure based on blockchain tech.