Visa May Add Cryptocurrencies to Its Payments Network, Says CEO

Post by MattGaiser » Sun, Jan 31, 2021, 10:24 PM UTC

alextheparrot wrote: post #24

Are there any crypto projects that allow chargebacks? I religiously avoid using my debit card except at bank ATMs to avoid that once every few years when someone skims my credit card. That and rewards are the main value-add of a traditional payment flow at the moment.

Post by chillwaves » Sun, Jan 31, 2021, 10:24 PM UTC

daptaq wrote: post #27

doggosphere wrote: post #10

Earlier quoted context omitted.

Fiat currencies will probably always exist. Digital crypto assets like Bitcoin or Ethereum will exist alongside them. Bitcoin can be an asset like gold, of which users keep a portion of their networth to protect from economic uncertainty. Its deflationary policy may make it less usable as a currency, but at least crypto gives people choice.

> Digital crypto assets like Bitcoin or Ethereum will exist alongside them. Bitcoin can be an asset like gold, of which users keep a portion of their networth to protect from economic uncertainty. Seems improbable, as it is far less stable than Gold. From what I see, it is almost never used as a currency, and almost always as a speculative asset. The main indicator for me is that Bitcoin is always measured in Dollars…

Post by Nursie » Sun, Jan 31, 2021, 10:25 PM UTC

eMGm4D0zgUAVXc7 wrote: post #31

lovetocode wrote: post #2

Cryptocurrency continues to gain more ground but I still have my reservations about it being the currency of the future. If by design, cryptocurrency has a finite volume of transferrable currency, do early adopters have an unfair advantage that could potentially make the currency unusable? I don’t see how it could possibly be fair when earlier mining yielded currency more quickly.

> If by design, cryptocurrency has a finite volume of transferrable currency, do early adopters have an unfair advantage that could potentially make the currency unusable? > I don’t see how it could possibly be fair when earlier mining yielded currency more quickly. If by design, fiat currency has an infinite volume of transferrable currency, do governments have an unfair advantage that could potentially make the cur…

Post by londons_explore » Sun, Jan 31, 2021, 10:26 PM UTC

alextheparrot wrote: post #24

Are there any crypto projects that allow chargebacks? I religiously avoid using my debit card except at bank ATMs to avoid that once every few years when someone skims my credit card. That and rewards are the main value-add of a traditional payment flow at the moment.

Post by devoutsalsa » Sun, Jan 31, 2021, 10:26 PM UTC

wincy wrote: post #23

shanecoin wrote: post #7

Earlier quoted context omitted.

> cryptocurrency has a finite volume of transferrable currency This is true of Bitcoin. Others, such as Ethereum, have a known inflation schedule, which would help alleviate the issue you mentioned as being a currency of the future. Furthermore, it is looking like the "currency of the future" may (at least in the short term), look more like a cryptocurrency that is worth $1 and is 1:1 backed by a dollar in a bank acc…

Couldn’t a government just destroy a stable coin by seizing the currency backing it? Isn’t the point of a cryptocurrency supposed to be that it’s not controlled by any government?