Payment processors have been forcing platforms like Valve and Itch.io to crackdown on certain games, and GOG has offered their thoughts on the situation.
Even getting stable coins is an annoying process for the average person since either they take on large fees to get it, or have to get verified taking pics of themselves and give their ID to try to get into an exchange with lower fees.
Just an overall annoyance. And number of people willing to do that is so small compared to a majority of consumers which is what gives payment processors such influence.
It’s like trying to convince people to use fediverse alternatives over mainstream social media.
And biggest move payment processors have is pulling out completely if alternative payment methods they don’t like are added, which would pretty much lose all the consumers that matter financially.
Most realistic solution is likely Europe coming up with their own mainstream alternative to visa and mastercard than crypto to serve as an actual viable alternative with financial institution backing.
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Even getting stable coins is an annoying process for the average person since either they take on large fees to get it, or have to get verified taking pics of themselves and give their ID to try to get into an exchange with lower fees.
Just an overall annoyance. And number of people willing to do that is so small compared to a majority of consumers which is what gives payment processors such influence.
It’s like trying to convince people to use fediverse alternatives over mainstream social media.
And biggest move payment processors have is pulling out completely if alternative payment methods they don’t like are added, which would pretty much lose all the consumers that matter financially.
Most realistic solution is likely Europe coming up with their own mainstream alternative to visa and mastercard than crypto to serve as an actual viable alternative with financial institution backing.
100% in agreement; those are the factors that I was alluding to when I said it would be too much for end users to deal with…
…and that’s all before we even begin to take into consideration regional pricing!