this post was submitted on 17 Aug 2023
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What (of value) does crypto do that existing payment services don't?
I'm not suggesting that crypto replace any existing use for bank cards or apps like zelle or cash app. I'm suggesting that there are other payment scenarios where excusing systems don't fit, like a dispensary that lost access to a payment processor (hypothetical, not sure if this has happened) or a merchant wanting to avoid transaction fees. It's absolutely useless in 99% of all transactions, but it's not 100%.