Trying to send money to pay back a friend. Paypal tells me "recipient is unable to receive money" and SquareCash tells me my bank declined the payment. This is in the U.S. where these services work best. Imagine rest of the world.
Crypto has it's own (numerous) UX challenges of course. But by building on new underlying infrastructure there is an opportunity to make things better, and finally have payments that "just work".
A lot of this is not the fault of these companies btw. They don't control the underlying infrastructure. There is a lot of well intentioned regulation that actually makes it harder for regular consumer to have a good experience as well. Unintended consequences.
There is a lot of opportunity to launch products in regulated markets though. It is so much harder to be innovative, so most entrepreneurs shy away from it.
You can follow @brian_armstrong.
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