I mean I don't need any special crypto for payments,

Question

I mean I don't need any special crypto for payments,

including crossborder payments. Any stable coin should be enough. Plus platform who works like escrow (Binance, Mexc, Gate io etc). If we are talking about payment mechanism which uses some centilised entity. As I understand any payment system like Moneygram or Swift or PayPal is centralised... So why would I use it? What's the point of building apps on blockchain which just more complicated centralised systems. Where your transaction can be stopped or funds can be frozen etc.

#blockchain #cryptocurrency #english #link

0

02.10.2022

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Ivan Z Автор вопроса

Nope. I would rather use banks than cefi crap. Whole point of defi was the decentralisation and absence of regulation. Good Cefi example is Celsius. Where guy just took user funds in exchange for some paper obligations and blew them away. Mah cefi, mah regulations. Naive people trusted theu (((guy))) because it was shilled by Chainlink+ it's US based. But it haven't prevented them from loosing everything.. if they would use different defi protocols they won't get rekt that hard. Or at least they would be rekt because of hack, because their own fault..not because some guy blew their funds.

0

02.10.2022

Mike · Accepted Answer

Mike

Ivan Z
Nope. I would rather use banks than cefi crap. Who...

Again, check out FATF guidelines and the final draft for mica 👍 There's a reason chainlink partnered w everest for ekyc/aml tech stack after all

0

02.10.2022

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I mean I don't need any special crypto for payments,

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