Hello, may i ask about your project.
Why you bring Cards again for Cryptocurrency. LOL, Cryptocurrency come to destroy CC or Debt Card.
It is more efficient rather bring your card everywhere. And, i think this project doesn't have any innovation in Crypto.
Why you bring Cards again for Cryptocurrency. LOL, Cryptocurrency come to destroy CC or Debt Card.
It is more efficient rather bring your card everywhere. And, i think this project doesn't have any innovation in Crypto.
Lol, did you really think about it? You can pay with your Cryptos EVERYWHERE where Visa is accepted, that means likely in every shop that matters, in one step.
Not a single shop worldwide has to implement Bitcoin or any other Crypto (and maybe 99% won't do this at the moment), everything goes the usual way with Creditcards for them. Cool, isn't it?
This guy has demonstrated how much he understands about the technology of Monaco and about crypto as a whole
actually he got a fair point and while you try to bash him ill let all of you know whats up.
lets take visa for example, a quick google told me visa was founded in 1970.
they had 38 years to build infrastructure all over the world.
they use centralized servers to comunicate with millions of small point-of-sale terminal stations which have card reading hardware installed to process your card payments.
now there is a reason why you can use all credit card companys cards with only one terminal. we might want to google it.
bitcoin doesnt have this infrastucture. there is no easy plugin terminal for any cryptocurrency that shops could use. every rl shop would have to build its own at the moment.
that is terminal and even the backend to manage transactions. now you could use a 3rd party payment processor, but how much do you have to pay him to process these payments?
visa dont want to loose their position in the market. and rather than reinventing the wheel monaco wants to simplify crypto for everyday use.
the only way to currently do it is by using visa as a partner and hope that we can use their infrastructure untill someone figures out a better way to do it (to actually use crypto not on websites)
