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by pants2 906 days ago
The company I work for uses USDC for quite a lot of B2B transactions and settlements. On the tech side it's miles easier to use and build tooling for than things like wire transfers through our bank. Seriously, I've gone back and forth with our big bank for months trying to get some simple API integrations and they're pathetic. For USDC payments, we quickly built a fantastic initiator/approval system and live monitoring on incoming and outgoing payments. I wish all payments were on crypto rails, it would make a lot of jobs easier.
1 comments

> I wish all payments were on crypto rails, it would make a lot of jobs easier.

Not having any way of reverting transactions definitely makes the jobs of all sorts of shady characters much simpler, that's for sure.

Centre (the consortium behind USDC, including Coinbase and Circle) does have a mechanism to freeze shady accounts and accounts used to steal funds. Which has been used to freeze the TornadoCash funds when they were ordered to.