[bidandanswer]

No explanation, just downvotes?

Standard Stripe fees on $250k revenue:

- 2.9% + 30¢ per charge

- Assume net-30 invoices

- Total fees: 2.9% * $250k + 30¢ * 12 = $7,253.60

- Stripe can freeze your money arbitrarily and indefinitely

Standard USDC fees on Solana:

- Less than 1 cent per transaction

- Total fees: < 12¢

[codegeek]

Hint: It is not about the fees. The 3% fee is a much smaller problem to have than what the world of crypto brings. Oh and while we are at it, remind me how to get majority of customers to pay in crypto who are used to just credit cards or wires ?

[bidandanswer]

> The 3% fee is a much smaller problem to have than what the world of crypto brings.

That's not an argument. Name the problems specifically.

> Oh and while we are at it, remind me how to get majority of customers to pay in crypto who are used to just credit cards or wires

There are tons of off-the-shelf checkout flows that allow customers to pay in cash and companies to receive the funds on chain.

[HeyLaughingBoy]

Because 2.9% is just a cost of doing business. If it's that critical to your margins, raise your price to compensate for it. Adding friction by using crypto is likely to cost you far more than 2.9% by losing the contract altogether.

[bidandanswer]

Okay. I have personally saved tens of thousands of dollars and hours of headache by just doing my business on chain.

How valuable is 2.9% of $1m+ to you?

[Zetobal]

Finding a client who wants to pay in crypto... priceless.

[bidandanswer]

See my other comment. Not hard.

And it will only get easier as time goes on.

[Zetobal]

It's neither easy nor will it get easier.

[bidandanswer]

All of the facts contradict you.

Two years ago I had to fend off contracts that paid in USDC.

It's easier to find someone to pay in USDC today than it was then.

Market share and volume will continue to grow.

What do you have against a genuinely useful technology with tangible benefits?

- Cheaper

- Faster

- No arbiter risk

- Built-in escape hatch for political dissidents and enemies of the state

If you want a trusted arbiter for all your financial transactions, you can continue to use the legacy financial system and pay the costs for doing so. I'm not arguing crypto will replace it. Both have their use case.

[Zetobal]

I have nothing against it but your anecdotal evidence isn't supported by the market.

[vertis]

Whining about downvotes is not likely to help. I replied to your original comment.