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ikt | 2 months ago

Yep, that's what I thought nano had done:

https://nano.org/en

instant, fee's a fraction of a cent, I thought this was it, international payments that don't rely on visa/mastercard!

and then it just went no where :\

discuss

order

dimensional_dan|2 months ago

Turns out nobody is actually interested in transacting with crypto otherwise Nano would have been a winner. I also love Banano, a Nano fork where you mine by folding proteins. Work that has actual value.

Nextgrid|2 months ago

Because in practice services like TransferWise solved this problem using fiat currencies with fees low enough not to make it worth bothering with crypto.

ikt|2 months ago

I duno, I still can't make a payment on the net without Visa or Mastercard, still a problem to be solved to me

Looks like other people still trying to solve as well:

> Earlier this year, Coinbase changed online payments forever with a new protocol called x402. But could this technology really usher in a new age of 'machine to machine' payments? Let's run it...

https://www.youtube.com/watch?v=S6wc6yvoZLY

nout|2 months ago

For larger amounts it makes sense to use the bitcoin rails for international transfers. I'm doing bank to bank international transfers and using bitcoin saves around 3% compared to Wise and you get the money immediately (or within 1hr, depending on what you use).

troyvit|2 months ago

Man they don't solve it for me. They charge much more for using a credit card vs a checking account, especially when going across currencies, and I consider it pretty dumb to share my checking account information around when I can control things much more easily with a credit card. And literally any fee they charge is more than what nano charges. It's just that nobody takes nano :(

rjdj377dhabsn|2 months ago

Every time I try to use TramsferWise, I end up jumping through KYC hoops for hours - days. Sending crypto is much simpler and faster.

immibis|2 months ago

Almost every cryptocurrency starts out with low fees and then fees increase when it gets popular and runs into processing limits.

Imustaskforhelp|2 months ago

Okay full disclosure, I believe in stablecoins only but what are your thoughts on nano. It has zero fees and I worked using its zero fees to store data/timestamps in it by nanotimestamps

Personally I prefer usdc on polygon

BLKNSLVR|2 months ago

Nano is pretty amazing, but, yeah, the interest is in profit not the technology, so it's fading into the background. Pity.