this post was submitted on 17 Aug 2023
556 points (95.7% liked)
Technology
59299 readers
5558 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Oh yeah I love paying someone using a wildly volatile currency that goes up and down like a roller coaster and has exorbitant transaction fees. But at least I'm not a chump who uses a bank card.
I'm not anti bank or bank card, when those aren't an option crypto is a valid option. Ideally something without much for transaction fees, of course. Since prices are volatile, you would likely only purchase what you needed when you needed it.
This is wildly inconvenient, but remember this is a "banks are not an option" scenario. That's really up to the recipient. It could be a dispensary that got shut down by their payment processor, or another shop that wants to avoid the 3-5% transaction fee that payment processors charge. And yes, it could be something nefarious or illegal on the dark web.
To say crypto has no valid uses is simply inaccurate. For most people, though, there are better options like peer-to-peer payment apps (zelle, cash app, etc.) or just plain old cash.