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0 pointspants22y ago0 comments

You can just send a transaction from your exchange.

Like, let's say I want to send you $0.10 right now. I would just go into Robinhood and send 0.1 USDC to you on Polygon or Solana, that would arrive in your wallet instantly from a Robinhood-owned address, you would have no idea who I am or my previous transaction history. Robinhood also owns the private keys and account recovery process here - it's just using blockchain as the payment rail.

Go ahead and post your address and I'll send you $0.10.

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johannes12343212y ago

Okay, so the solution is to use a bank, not Blockchain money.

pants2OP2y ago

But you can't send $0.01 instantly and anonymously with bank rails. The solution is to use a crypto exchange on crypto rails - just not a regular crypto wallet (you could, but perhaps not very user friendly)

_heimdall2y ago

Isn't that just turning the exchanges into unregulated banks?

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