Mind you Visa could have implemented this when everyone first asked back in 1999, but hey here we are. Rather than micro payments instead we let ads do their best to ruin western civilization.
With a blockchain, no need for all of that. And you can only pay for few cents, no need to top-up a full 5$ min for each services. If you have dozens of services that you need to reach, the benefits start to be interesting.
USDC is much simpler.
Does accepting payment in crypto exempt a merchant from local customer-service requirements?
> You can sue me through legal proceedings but if I win, you pay my legal fees
That's simply not true in at least two jurisdictions I touch, which would have venue for my consumer purchases. (If you never visit the United States or EU, on the other hand, this probably wouldn't practically affect you.)
ToS don’t overrule law.
> lets face it, you are not going to sue for $0.0005 anyway
Very true. Though if I felt cheated by someone, regardless of the cost, I’d absolutely be open to starting a regulatory shitstorm. (Not saying you would cause that among anyone paying you.)
Unless I'm confused, it seems like for a US taxpayer, this mechanism would require that their federal income tax return include, either on an 8949 or an attached statement, an itemized list of every single transaction they made for every single search over an entire year.
I looked through the instructions on the forms, and they say you may round to the nearest dollar. In theory, I think you'd need to compute capital gains (sell price - purchase price) at each transfer, but I expect in practice they'd almost all round to zero since USDC is supposed to be equal to the value of the US dollar.