Honest question: what kind of problem does this solve?

fcantournet 6 days ago | parent | next [-]

It solves a problem for Stripe : potentially evading some incoming regulations in payments in the UK/EU (and U.S probably).

Regulations in payments tend to be very technical, and inserting some crypto/distributed plausible deniability in the mix could get them 5 more years of delay (until the next generation of regulations). It will depend on how those regulations take shape in the coming months.

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it_citizen 6 days ago | parent | prev | next [-]

Second line of the page:

> Stablecoins enable instant, borderless, programmable transactions, but current blockchain infrastructure isn’t designed for them: existing systems are either fully general or trading-focused. Tempo is a blockchain designed and built for real-world payments.

What is different in the details, no idea.

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Zanfa 6 days ago | parent [-]

Once you take into account AML and KYC laws, which will obviously be enforced should this gain any sort of adoption. What will be different in practice?

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wmf 6 days ago | parent [-]

The US is working on a law that may exempt crypto from AML/KYC because "innovation". If that passes there will be a rush to blockchain everything.

	▲	Zanfa 6 days ago \| parent [-]
		I don’t see that happening, mostly because it wouldn’t benefit Trump in any way. He’s already free to (crypto) grift as much as he wants, he doesn’t need looser AML laws. Probably going to go the way of the strategic BTC reserve.

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garbthetill 6 days ago | parent | prev [-]

cheap fees, cross border payment without relying on legacy platforms like visa and mastercard. Also the added benefit of programmability