> no chargebacks just means the customer now has no recourse from a fraudulent vendor.
This is the realm of the social layer, not the technology. You can add an escrow system or even use a reputation-based approach as a way to manage fraud, but the idea is that it is optional. If all you want is to buy some cheap and fast content online, you can't do that with credit card but you can with crypto.
> It's also possible to get no fees for micropayments
Please point me to one micropayment solution that does not involve middlemen and/or extraordinarily high fees (in proportion to the value of the transaction).
> and no currency conversion fees with a more traditional virtual currency, crypto only adds costs on top of that.
Problem statement: you are a software company in the UK and you want to contract a developer based in Argentina. She wants to receive (in Pesos) the equivalent to 500GBP.
Find me some non-crypto alternative where she can get that amount with minimal loss. We can compare notes later if you want, but I can tell you a crypto alternative where the cost is less than 0.3%.
This is the realm of the social layer, not the technology. You can add an escrow system or even use a reputation-based approach as a way to manage fraud, but the idea is that it is optional. If all you want is to buy some cheap and fast content online, you can't do that with credit card but you can with crypto.
> It's also possible to get no fees for micropayments
Please point me to one micropayment solution that does not involve middlemen and/or extraordinarily high fees (in proportion to the value of the transaction).
> and no currency conversion fees with a more traditional virtual currency, crypto only adds costs on top of that.
Problem statement: you are a software company in the UK and you want to contract a developer based in Argentina. She wants to receive (in Pesos) the equivalent to 500GBP.
Find me some non-crypto alternative where she can get that amount with minimal loss. We can compare notes later if you want, but I can tell you a crypto alternative where the cost is less than 0.3%.