It's not so easy for customers to buy crypto to make these Web3 payments. If your bank is Chase you basically cannot without them closing all your accounts.
Chase doesn’t let you send funds to Robinhood or coinbase?
Fwiw I used Solana pay last year in a brick and mortar retail, and it was on par with Apple Pay UX. Granted I already had phantom on my phone with funds in it.
But yeah I hear you that asking someone to download a wallet and fund it isn’t a great way to run a business. But if the burden of regulations becomes too high, I could see it being a thing. Fwiw, I see the need for regulation here, but regulation needs to be weighed against the damage it does to small businesses and individuals just trying to do a side hustle.
Chase will let you but then close your accounts within 6 months when their trust and safety team does their audit triggered by your transaction. It's a well known thing that Chase loves to boot customers for sneezing the wrong way while interacting with them.
J_Shelby_J|2 years ago
Fwiw I used Solana pay last year in a brick and mortar retail, and it was on par with Apple Pay UX. Granted I already had phantom on my phone with funds in it.
But yeah I hear you that asking someone to download a wallet and fund it isn’t a great way to run a business. But if the burden of regulations becomes too high, I could see it being a thing. Fwiw, I see the need for regulation here, but regulation needs to be weighed against the damage it does to small businesses and individuals just trying to do a side hustle.
rickreynoldssf|2 years ago