Over 5,000 Merchants are now accepting crypto payments.
That means Bitcoin, Ethereum and Stellar in Chile all thanks to a partnership with a platform payment company. This means that theses cryptos can now be used for everyday orders. This payment provider is called Flow.
More systems like this should be happening without SEC and government intervention and I think we as a crypto community need to start understanding and grasping this again. The more it is integrated into everyday life around the world the more possible it will be part of our lives and really used. That means the general overthrow of governments and a few people being in control will now be spread out. But that also means you need to seriously think about stocking up on your bitcoin and cryptos!
However even with the above it is still a middle man processing the transactions which is another thing we need to start getting away from. At the moment flow is charging 0.90% transaction fees but that's better then the normal 3%-5% charged by credit card companies.
Removal of the middle man and making it up to the blockchain and miners means fees will be even lower then this in the future so lets strive towards that goal as well.
That is definitely great as Chile is a financial leader in the region. The next piece is how adoption increases with the availability of these gateways.
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That's a good news. 5000 Merchants is a lot actually.
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I agree. Crypto is the future of money. Its a deflationary asset.
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Every small step we make as a community we advance toward a crypto world.
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