Debit card tap pay is redundant. Crypto native wallet tap and QR code pay will replace the entire rent seeking point of sale industry which charges you and the merchant high fees just to use your own money, and pushes you to high interest debt payment via credit cards and "buy now pay later" which is the root of all political and social class division.
Credit Cards are being replaced with decentralized Stable Coin lending, no intermediary is required to loan value which will be collatoralized with hard assets like L1 Native Tokens ($BTC $SOL $SUI $ETH etc).
The entire notion of a predatory credit score will be replaced and everything will switch to hard money collateralization via L1 Network Tokens.
The economy will run on Stable Coin payment direct from consumer wallet to merchant wallet. No intermediaries, fully auditable and transparent.
Redundant companies and platforms:
- @Visa
- @Mastercard
- @Worldpay_Global
- @Shopify
- @stripe
- @GooglePay
- @Apple Pay
- The list goes on.
The removal of these rent seeking intermediaries will lower inflation, increase GDP and accelerate money velocity stimulating the economies and introducing financial hygiene to the economy.
Now we thank them for their services to get us here, but understand these entities have fought hard to prevent crypto adoption in DC. Its a fight for their lives. But technology evolves and we will always adopt the faster, lighter, more efficient technology.
We just dont need them anymore. Its not personal.
Remember this post. How often have I been wrong?
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