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Aella
@Aella_Girl
I'd love a future where crypto payments are used for most things, and we no longer have to deal with credit card processing fees or financial institutions having deplatforming power. But crypto as a replacement will probably end up being illegal, because we live in crazytown
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Telegraph Money
@MoneyTelegraph
💳Amazon customers will be blocked from using Visa cards in the UK. ❌The dispute relates to transaction fees charged by the credit card brand Thread 👇 telegraph.co.uk/personal-banki
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Aella
@Aella_Girl
Replying to
@Aella_Girl
If not explicitly illegal, it'll probably be hampered by a thousand tiny 'we mean well' cuts that end up making the use of crypto only viable for centralized organizations, like taxing it heavily or placing unreasonable bureaucratic burdens on its use.
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Aella
@Aella_Girl
This isn't the land of the free, this is the land of "we're restricting voluntary, nonharmful behavior between consenting adults because we've decided with our 122 IQ wisdom that it must be good for everyone else"
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FXKLM
@FXKML
Replying to
@Aella_Girl
I'm all for reducing regulations on payment processors, but there is no compelling reason to regulate crypto payments less than others. And when crypto is subject to the same regulations as everyone else, there is rarely a compelling argument for using crypto.
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Aella
@Aella_Girl
Replying to
@FXKML
The most appealing thing to me about crypto is that it has a chance of thriving without being regulated, like it might possibly be unregulatable and that is one of the best possible outcomes I could hope for.
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Gary Basin
@garybasin
Replying to
@Aella_Girl
Using a credit card will always be a much better experience for consumers if it comes with all the protections. Merchants will continue to accept what consumers want to use
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Beezy
@BeezyManzell
Replying to
@Aella_Girl
Should we expect crypto fees to ever be as low as credit cards fees? At the end of the day, a service that consumers can't provide for themselves is being rendered, so it will always cost.
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