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My understanding is that all of these apps, e.g. Venmo, Cash App, and all of the traditional financial services companies, e.g. Visa and Mastercard, are simply saying they will "accept crypto" to attract customers and open up the option because others are doing it. What they are actually doing is converting your crypto to fiat before they complete the sale.Has anyone read up on Visa allowing people to buy with crypto? I want to know how that would affect AMP? The only thing that sticks out to me is that VISA fee is higher than AMP for business owners who uses their point of sale system.
Flexa (AMP) gives merchants the option to accept either fiat or crypto. This creates a whole separate ecosystem. They are already the overwhelming leader in the defi payments space.
It probably won't work but they are getting a Shopify pug-in come summer and all bets are off after that. So there's that.