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Joined 10 months ago
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Cake day: September 14th, 2023

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  • Binthinkin@kbin.socialtoOpen Source@lemmy.ml*Permanently Deleted*
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    10 months ago

    Thats not true. There are rather large payroll services using it to settle transactions because it is leagues cheaper than using the old outdated system the world uses.

    The fun part is that you and I do not benefit from it because then the payroll service would have to give our companies cheaper rates for cheaper transactions. It A LOT of money they are making in savings not being transfer to markets.

    Bank of America is an example of test cases using crypto services to settle payroll transactions and its been largely successful.

    The reason the public gets the scammy stuff is because they don’t know any better. Look at 2008. Even that didn’t change the understanding of the public about how they know little about finance and how the world actually moves and got caught again by believing in the scammers.

    It’s not crypto thats the problem, it’s gullibility and a typically ill informed public.

    By 2030 global financial systems will absolutely be running cryptocurrencies as clearing houses and the public will not see a price difference because the public doesn’t know much about finance (literally nothing). It’s so incredibly efficient compared to Nacha.