axelwang

People definitely prefer instant savings vs. worrying/remembering how to use the different kinds of rewards they accumulated from CC.

so how is the ewallet getting rid of the fees for them? How do you add money into that ewallet, especially if you do not have a local bank account?

Exactly, plus it's even harder if people have to deal with something they are unfamiliar with, i.e. stablecoins. This is why the stablecoin sandwich approach (with on/off ramps built in) are gaining popularity but those processes have their own costs, too.

good insight. I remember my mastercard being declined in store before, but I am not sure if this is still the case. They do accept mastercard online now.

you are absolutely correct about the centralized risks about modern systems, but this is not really something you can use to convince consumers to change their behaviors at scale, besides, cryptos have its own risks.

I am all for changes but they can't take vigors out of markets!

Isn't Volt trying to build the cross-border version of this? I was actually not familiar with "pay by bank" before, but it sounds like it makes stablecoins even less attractive for the low-margin business use case a16z (and I am sure there are others) is advocating for.