12min chapter

Crypto Critics' Corner cover image

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

Crypto Critics' Corner

CHAPTER

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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