Star
@star_okx
CEO of OKX, building the product since 2013. Crypto will eat the world, self custody is the future. Tweets not financial advice.
Joined January 2015
850 Following 136.2K Followers
Blockchain makes global peer to peer payment become easy and cheap, stable coin becomes a global on-chain currency. There are definitely some disruptive innovations are happening!
It's wild that merchants are still paying ~2-3% from each sale to banks & credit card companies. How come crypto has not won yet in C2B payments?
Here're the necessary components:
For consumers: token incentives, payment app, tradfi-grade account statements, on-ramp from banks, stablecoin savings with yield
For businesses: point-of-sale apps on phones/ipads, stablecoin account with yield, off-ramp to banks, (+ token incentives)
Banks & credit card companies bootstrapped this in the 60s/70s, why can't crypto companies do this today?
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