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Ohh so the old "paypal" issues are back. Fortunatrly there is a true peer to peer payment technology: "crypto". Unfortunately it's been hijacked by speculative "investors"

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And requires centralized exchanges subject to Know Your Customer regulations to get your money out as fiat.

It the ecosystem of the "crypto" is self contained, and both the sender and receiver are living in the ecosystem, then they may not need an exchange.

(As long as the transaction throughput and transaction fee are reasonable)

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