The worst defi growth playbook:
Step 1: Create a defi protocol that generates revenue from activity X
Step 2: Throw token incentives at activity X encouraging farmers, etc.
Step 3: Share revenue with token stakers (pAsSiVe yIeLd)
Step 4: Token price appreciates, creating a
Visa and Mastercard are not middlemen. They own the payment rails. That’s their moat.
The 2-3% fees are charged on credit cards, not debit cards.
Credit card payments abstract away the fact that actual settlement takes days (T+3).
Merchants get paid instantly, but issuers +
It's wild that merchants are still paying ~2-3% from each sale to banks & credit card companies. How come crypto has not won yet in C2B payments?
Here're the necessary components:
For consumers: token incentives, payment app, tradfi-grade account statements, on-ramp from banks,