| ▲ | rvz 3 hours ago |
| Once again, blockchains that use USDC continue to run without any serious outages for years. I just paid for an item with USDC (using Phantom Wallet) right now and there are many other examples of this. No need to wait for a bank and it doesn't matter the blockchain, as long as it supports USDC and you have a crypto wallet, the payment goes through. Stripe knows this already and crypto payments will be here for a very very long time as they already are today. |
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| ▲ | ben_w 10 minutes ago | parent | next [-] |
| 1. Revolut also offer crypto wallets, this clearly didn't help: https://help.revolut.com/help/wealth/cryptocurrencies/crypto... 2. This is Europe, we don't use USD directly or indirectly-via-backed-crypto for daily shopping. 3. Crypto comes in two layers: layer 1 which is too slow to replace interbank exchanges (which is much easier than everyone in Spain paying rent, which is much easier than everyone in Berlin buying lunch); and layer 2 which, as per memes about tech guys reinventing things which already exist, is reinventing the concept of a bank which is the thing here which fell over because the cloud it was on got unplugged. |
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| ▲ | mrkeen 2 hours ago | parent | prev | next [-] |
| I've been hearing about bitcoin for 15+ years and I don't think I've ever walked into a shop where they accepted it. So, approximately six 0s of uptime for my use case? |
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| ▲ | rvz 2 hours ago | parent [-] | | > I've been hearing about bitcoin for 15+ years and I don't think I've ever walked into a shop where they accepted it. I didn't say bitcoin. I said blockchains that use USDC. > So, approximately six 0s of uptime for my use case? No-one cares if 1 person (out of 8 billion and trillions of bots) won't use it. It exists and Shopify and Stripe have crypto payments with USDC which is useful for both humans and agents. [0] https://stripe.com/gb/use-cases/crypto | | |
| ▲ | 4ggr0 an hour ago | parent [-] | | how exactly does one walk into a shopify store? the point was about physical flesh-to-flesh shopping experiences. | | |
| ▲ | rvz an hour ago | parent [-] | | > how exactly does one walk into a shopify store? If they have a POS Terminal at their physical brick and mortar store powered by Shopify, they can do just that [0] and it accepts crypto payments. The same for Stripe Terminal which allows contactless payments with stablecoins such as USDC [0] for physical stores. They can accept crypto from there and Stripe handles the transaction seamlessly. [0] https://www.shopify.com/uk/pos [1] https://www.privy.io/blog/contactless-payments-with-stableco... | | |
| ▲ | mrkeen 19 minutes ago | parent | next [-] | | Revolut, for example, has confirmed all its operations, that include, sign-ups, sign-ins, payments and transfers, top-ups, ATM withdrawals, stock trades, cryptocurrency, are all down.
https://www.neowin.net/news/google-cloud-outage-takes-down-h... | |
| ▲ | 4ggr0 30 minutes ago | parent | prev | next [-] | | where i live 95% of the shops use a terminal from SIX[0], small shops use SumUp[1] or TWINT(as far as i understand that's comparable to venmo). i've seen about <5 shops with bitcoin stickers, mostly abroad. and they were mostly vape shops, interestingly enough. guess there's no demand at all for crypto in the physical spaces i'm a part of. which makes sense, you'd either end up paying in pegged, virtual crypto dollars, or pay with a completely separate crypto currency which then means that the shoes you bought a month ago are suddenly worth a magnitude more or less. might as well pay in turkish lira. [0]https://www.six-group.com/en/home.html [1]https://en.wikipedia.org/wiki/SumUp | |
| ▲ | inexcf 35 minutes ago | parent | prev [-] | | Ah okay, so your pedantry about it being USDC and not Bitcoin was unnecessary and "it exists and you can use crypto to pay" is in a made-up fantasy world where you can in fact do that. Like can you pay with crypto at a Stripe POS when the infrastructure goes down? Or was this just completely irrelevant? |
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| ▲ | IneffablePigeon 3 hours ago | parent | prev [-] |
| What on earth are you talking about my guy |
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