this post was submitted on 26 Jul 2025
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Not when exchanges still govern taking money out. They are businesses like everything else and will be just as risk averse
You don't need to use an exchange. You can use a local wallet to store your funds, and then no company controls who/where you send it to.
It's pretty easy to switch between cryptocurrencies, so they can surely find an exchange that is friendly to their business. That's way better than the credit card situation where there are only four major processors--Visa, Mastercard, Discover, and American Express--and only two of those actually matter.
None of what you said addresses the problem I mentioned.
Then I guess I don't understand your problem.
Payment processors like Visa and Mastercard control a huge chunk of the market, which gives them a lot of say in what transactions are allowed. Even if you avoid credit, most debit cards go through those two companies, so they can restrict what transactions you can make.
With cryptocurrencies, there's no restriction at the point of sale. Your problem seems to be that converting crypto to fiat could be problematic, and they'd potentially be stuck with "useless" currency. My point is that's a much easier problem to solve:
There are a ton of options to convert crypto to fiat, there are far fewer to select a different fiat payment processor.
I'll bet.
R placing a bad system with a worse system does not solve the problem
What makes it worse?
One benefit to payment processing for crypto is that there's little in the way of material limitations on processing payments. The blockchain for a given coin already exists, your job as a processor is primarily to convert those on-chain transactions into and out of other currencies. Only requiring intervention at the point of entering or exiting dollars to and from the system changes a lot of the dynamics.