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by JumpCrisscross 1066 days ago
> Is that why Stripe, TicketMaster, Moneygram, Checkout.com, TransferGo, VISA, etc and many other companies continue to use it?

“Use” is inaccurate. Accept and immediately sell. It persists in being a pot of unsophisticated money, so yes, it will be accepted.
1 comments
rvz 1066 days ago
> “Use” is inaccurate.

Nope. Inaccurate to you. They would NOT use it if it was "useless".

The truth is, they continue to use crypto in their services.

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JumpCrisscross 1066 days ago
> would NOT use it if it was "useless"

Of course they would. It’s useless, not worthless. If it were useful they’d actually use it.

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rvz 1066 days ago
> If it were useful they’d actually use it.

It is being used and businesses are using it in their products today.

Companies like Moneygram would not use Stellar if it was useless for them and their customers and would instead announce that they are shutting it down after trialling it. They seem to have seen utility in it for their use-case. The same can be said for the other companies I mentioned.

Again, they are using it and that is the truth.

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JumpCrisscross 1066 days ago
> Companies like Moneygram would not use Stellar if it was useless for them

Useless, not worthless. I happen to be familiar with that case. It’s great for sales. Useless for performance. (It might become useful one day.) Hence, marginal-enough adoption and a lot of marketing.

A couple years ago I counselled a friend in banking to do something with Ripple. It helped him win deals with crypto firms, and likely helped their wealth managers, too. Worthful. But useless.

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rvz 1066 days ago
> Useless, not worthless. I happen to be familiar with that case. It’s great for sales. Useless for performance. (It might become useful one day.) Hence, marginal-enough adoption and a lot of marketing.

Nope. Useful today for people using Moneygram worldwide (In the example I gave). Moneygram used Stellar for their own use-case and its customers use it today for that same utility, but this time with no bank accounts for the end user.

> A couple years ago I counselled a friend in banking to do something with Ripple. It helped him win deals with crypto firms, and likely helped their wealth managers, too. Worthful. But useless.

Now with Stellar today, it is used by many businesses like Moneygram, and aid programmes [0] are trailing the network [1] for the same use-case. Again, it would not be used by such organizations or even trailed or piloted in the first place if it was 'Useless for performance.' or had no utility.

[0] https://stellar.org/aidassist

[1] https://stellar.org/press-releases/unhcr-launches-pilot-cash...

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JumpCrisscross 1066 days ago
> but this time with no bank accounts for the end user

Moneygram originated with cash or money order in, cash or money order out. No bank account needed.

> with Stellar today, it is used by many businesses like Moneygram, and aid programmes

You’re linking to a pilot. As it happens, I also worked with UNDP years ago. We similarly launched pilots to try and find uses for novel technologies. (Mine was in mobility data from cell phones.)

That’s what’s happening here. They are looking for a use. That should be encouraged. Looking for something doesn’t mean it is found.

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