alt Hacker NewsHonestly this is one of the main usecases of crypto, in my opinion. And it's only in 2024 where the transaction costs are cheap enough that it's worth it.
Still, fragmentation of crypto makes the whole experience shitty - but we've been working on this to fix that: https://docs.peanut.to/checkout-api
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Suppafly • 12/09/2024
>Honestly this is one of the main usecases of crypto, in my opinion.
The problem is that crypto doesn't provide anything that non-crypto shouldn't wouldn't also provide in a cheaper and easier to implement way.
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Crypto's obsession with public blockchains and the requisite fees to make this work prevent this from being a viable solution.
Those transaction costs you're talking about are still a couple orders of magnitude (or more!) too high for this to be a viable solution for these kinds of micro payments.
This doesn't even get into the necessary transaction throughput that's still it's own unsolved problem