9621 Agnes Crossing, Lake Suzanneview, New Mexico Island 84604-9295.
Cryptocurrency payments are superior to other forms of payment not because of their ability to resist censorship but because of their convenience. This was stated by the founder
Cryptocurrency payments are superior to other forms of payment not because of their ability to resist censorship but because of their convenience. This was stated by the founder of Ethereum Vitalik Buterin.
People continue to underestimate how often cryptocurrency payments are superior, not because of censorship resistance but even because they are much more affordable.
Great support for international trade and charities and sometimes even payments within countries.
— vitalik.eth (@VitalikButerin) August 24, 2022
“People continue to underestimate how well crypto payments outperform others, not even because of censorship resistance, but simply because they are so much more affordable. A huge push for international trade and philanthropy, and sometimes even local payments,” he wrote.
Buterin stressed that he did not underestimate the importance of resisting restrictions. According to him, he only publishes personal experience, showing that digital assets are the best tools compared to “alternatives currently available.”
The Ethereum founder also added that the adoption and integration that will make cryptocurrencies “really suitable for semi-large international payments” depends on “trusted neutrality.” According to him, censorship resistance is part of the latter.
I think it is ultimately up to its trusted neutrality (of which censorship resistance is part) of adoption and integrations that make crypto truly usable for semi-mainstream international payments.
— vitalik.eth (@VitalikButerin) August 24, 2022
Earlier, Butrin explained Ethereum’s potential to reach 100,000 transactions per second.
Read ForkLog bitcoin news in our Telegram – cryptocurrency news, courses and analysis.
Source: Fork Log
I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.
