Not sure how you beat a cheap, open source, global payments system as Visa, a bank or other competitor.
It ignores the existence of exchanges for crypto, or that exchange rate fluctuates widely, assumes transactions fees in crypto are zero, assumes exchanges don't charge fees. It ignores that in the event of any problem in the crypto process there is no refund or unwind possible. It assumes crypto payments are instant, which they are not, and definitely not at scale.
It also manages to confuse "credit card" with "debit card" because you can't get "surprise batch transactions" with a credit card, that's the whole point of them.
And finally its incredibly US centric, because if it weren't it might have to acknowledge that most of those problems are due to the US banking system, and other civilized countries solve them.
Payments its just "Stevey's Google Platforms Rant" but slanted towards payments:
Like anything else big and important in life, Accessibility has an evil twin who, jilted by the unbalanced affection displayed by their parents in their youth, has grown into an equally powerful Arch-Nemesis (yes, there's more than one nemesis to accessibility) named Security. And boy howdy are the two ever at odds.
US banking is probably the most frustrating experience, at least in developed world (to the point that some developing countries have better systems). Probably explains why PayPal and Venmo (which are private enterprises) are popular for consumers while businesses are still relying on checks.
The fee is in there, it's just very small. That's the point.
> The fee I paid was $0.0002: around 2% of a penny.
Crypto is not going to change anything. Merchants will continue to use payment processors, and merchants will continue to make mistakes in those integrations.
Fundamentally cryptocurrency is a superior approach to digital money.
The first most basic problem that it solves that many payment systems have is the need to _give away your credentials_ in order to transact. This is solved by employing cryptography.
This is why, despite all of the unfortunate scams, when people are fundamentally sceptical about the underlying paradigm of cryptocurrency, it is evidence of deep technical ignorance.
It's similar to when cars started replacing horses in the street. People were so used to seeing little piles of horse sht everywhere that they did not realize what a big deal it would be to finally get rid of it.
The anti-crypto crowd tends to forget that even though the vast majority of blockchain transactions can be attributed to scams, rugpulls or whatever else, the fact remains that an insane amount of value, bogus or not, has been transacted with little to no issues and downtime on the most popular blockchains (except Solana, that is).
Once regulation is in place you'll have a technology that is vastly superior to the duct-taped monster we have today.