Comment Re:Internet *cash* (Score 1) 71
I mean broken clocks are right twice a day and this guy just might be.
You could take crypto for high risk processing, I guess. then all the risk would be on the merchant's side and they couldn't blame the processor. Different risk, but still. No charge backs, but risk of hacks and all your money disappearing, yes. or at least money not converted back to USD immediatly. Oh and high barriers of risk for customers as well who have to convert currency to whatever dumb crytpo they choose and spend before hack. Would that be preferrable? Not sure, but They could try.
You could take crypto for high risk processing, I guess. then all the risk would be on the merchant's side and they couldn't blame the processor. Different risk, but still. No charge backs, but risk of hacks and all your money disappearing, yes. or at least money not converted back to USD immediatly. Oh and high barriers of risk for customers as well who have to convert currency to whatever dumb crytpo they choose and spend before hack. Would that be preferrable? Not sure, but They could try.