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MrBayAreaHokie

Joined: 11/05/2005 Posts: 21888
Likes: 10764

What's this?

Exactly....


I am currently creating a blockchain based stablecoin payment network and it reduces five middlemen to one.

When you spend your credit or debit card at Macy's, there are five companies wetting their beaks on the transaction; the payment network, the merchant's bank, the merchants processor(also called the acquirer or acquiring processor), the bank that issued your card, and the issuing processor( a tech company performing the authorization and other things).

That's five companies taking a bite from the merchant's ass.

We are on the cusp of massive change in this space. The only bank I hear that gets this at all is Chase. Dimon is the smartest guy in banking IMHO. He knows what's coming.

(In response to this post by Technocrat)

Posted: 04/25/2021 at 7:16PM


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Current Thread:
 
  Anyone on here trading crypto? -- Technocrat 04/25/2021 4:06PM
  It's all FOMO for me. I have some BTC, ETH and EOS. -- 1400E 04/25/2021 5:58PM
  So I have three accounts -- MrBayAreaHokie 04/25/2021 5:54PM
  What is the intrinsic value of crypto? ** -- GreenvilleVT 04/25/2021 4:47PM
  Secure transactions ** -- Technocrat 04/25/2021 6:13PM
  Really? Secure? $1.9 billion worth of -- GreenvilleVT 04/25/2021 6:27PM
  User error ** -- Technocrat 04/25/2021 6:31PM
  User error? Most of the stolen crypto is believed -- GreenvilleVT 04/26/2021 07:42AM
  Same as stock, bonds, etc... -- JoesterVT 04/25/2021 4:55PM
  No I am curious about this. -- GreenvilleVT 04/25/2021 5:28PM
  It's a hedge against your dollars becoming worthless -- MrBayAreaHokie 04/25/2021 5:52PM
  So if dollars become worthless then crypto will -- GreenvilleVT 04/25/2021 6:28PM
  Do you work in banking? -- MrBayAreaHokie 04/25/2021 6:35PM
  I’ve been in banking and capital markets for almost 30 years. -- GreenvilleVT 04/26/2021 07:44AM
  Bankers hate crypto because it removes the middle man ** -- Technocrat 04/25/2021 7:05PM
  Re: Bankers hate crypto because it removes the middle man -- Technocrat 04/28/2021 10:56AM
  Exactly.... -- MrBayAreaHokie 04/25/2021 7:16PM
  Thats my bank as well... ** -- Technocrat 04/25/2021 7:34PM
  You grossly understate the importance of the dollar, its -- 133743Hokie 04/25/2021 7:00PM
  They're not mutually exclusive propositions -- MrBayAreaHokie 04/25/2021 7:02PM
  Look at the daily fluctuations in Bitcoin value! Inflation is real. -- 133743Hokie 04/26/2021 07:38AM
  Why can’t crypto be diluted? ** -- VT Pops 04/25/2021 7:43PM
  BTC limited output to 21 million coins -- MrBayAreaHokie 04/25/2021 8:33PM
  For it to be a legitimate currency for broad usage, -- VT Pops 04/25/2021 10:02PM
  LTC capped at 84M ** -- Technocrat 04/25/2021 8:51PM
  Here's the big "oooooops" -- Coach McGuirk 04/25/2021 6:10PM
  Lol ** -- Technocrat 04/25/2021 6:15PM
  Because the yoo-ess dollar paper money has intrinsic value? -- JoesterVT 04/25/2021 5:39PM
  Seems like that is because the folks who created crypto -- GreenvilleVT 04/25/2021 6:30PM
  Nah. Don’t really understand it enough to invest in it. -- VT Pops 04/25/2021 4:45PM
  Not trading, just accumulating ** -- MrBayAreaHokie 04/25/2021 4:30PM
  I meant that as buying ** -- Technocrat 04/25/2021 6:17PM
  Me too. Buying and holding. Just bought more on this dip. -- Coach McGuirk 04/25/2021 4:52PM

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