Look, interesting concept. However, why would you want to pay for your shopping with crypto - especially if the value of your crypto would be appreciating?
It is an interesting arrangement because essentially Stitch will be holding crypto which will then be used to settle PnP in Fiat.
Why...
Pump and dump token. Avoid it (if you haven't already bought it). Remeber, most of these large trades have bots running them so you have to be pretty sharp and realize that ETH Gas Fees aint cheap
Anyways, XRP makes use of the Ripple network. XRP20 is just piggybacking of XRP's present status...
Incidentally, I read an article this morning that stated that Gary Gensler applied for an advisory role at Binance in 2019 & even met with CZ in Japan. Looks like he did not come right there:-)
Perhaps there are other issues at hand here - personal?? Gensler is seemingly on a mission:-)...
I think you are correct - that is the issue. I dont believe that they realized, at the onset, the amount of funds that would leave the traditional banking system to crypto markets. Now they are trying to use hard handed tactics to get rid of these organizations, who we have to give some credit...
Tradfi's are under severe pressure - traditional banking ecosystems require change.
As much as the Defi market is shrouded with dangers i.e. money laundering, corruption, fraud etc, that is still very prevalent in mainstream Tradifi and so called regulated banking systems.
Perhaps, they should...
Hi, not possible, well presently - from what I know. Personally, you can use the Exchanges like Binance and Luno - these are pretty easy to work with.
Just a question; you are accepting payments in Crypto - why not Swift/ EFT? Is is purely from a time/ clearing point of view or to keep it away...