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In my experience, clients have asked me if it's alright to pay me in USDC, not the other way around. The genie's out of the bottle. Once your funds are on chai
by bidandanswer 3y ago
In my experience, clients have asked me if it's alright to pay me in USDC, not the other way around.
The genie's out of the bottle. Once your funds are on chain, you have instant settlement, zero fees, and zero risk of an intermediary arbitrarily freezing your funds. No point in going back, unless your counterparty demands it.
- consumer451 3y agoThat's interesting, what industries do your clients work in?
- bidandanswer 3y agoTrading and finance. It makes sense that they are crypto friendly, given their close proximity to it. I suspect the rest of the commercial world will become much friendlier to it as more and more businesses are onboarded. The pros vastly outweigh the cons and if you need something like escrow (or another trusted intermediary) then you can always revert to the legacy financial system for that. Both have their use cases.
- tanelpoder 3y agoWould it be correct to expand that the clients are in crypto-trading and crypto-finance?