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by vkou 3109 days ago
Credit card processors also pay the user of the CC a cashback on a significant portion of that fee... And are also liable for fraud.

Who do I chargeback when an online merchant takes my BTC, and doesn't ship the goods I bought? BitPay will tell me to pound sand. VISA will process a chargeback, no questions asked.
1 comments
a_tractor 3109 days ago
Good problems to solve in this space.
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vkou 3109 days ago
By creating an off-chain payment processor called BISA, and we're back to charging merchants fees for cashback + fraud losses, except now we're for some stupid reason doing it on a blockchain.
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