Crypto Critics' Corner cover image

Why Crypto Will Never Fix Payments (Feat. Patrick McKenzie)

Crypto Critics' Corner

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Limitations of Cryptocurrency in Payments

This chapter explores the limitations of cryptocurrency as a payment method, comparing it to traditional payment methods like credit cards. It discusses the advantages of instant and low-cost transactions, but also highlights the lack of features such as rewards, refunds, and subscription capabilities. The chapter also mentions the costs and challenges associated with implementing new payment methods.

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