Crypto Payment: What are the Challenges?
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About this video
Crypto payment adoption faces hurdles! We explore key challenges like user experience (UX) issues, logistical problems of wallet funding, currency conversions, on-ramping, and merchant off-ramping. Join us to discover solutions and the future of everyday crypto payments. #CryptoPayments #CryptoAdoption #PaymentChallenges #Cryptocurrency #Fintech #UXDesign #BlockchainTechnology #CryptoWallet #OnRamp #OffRamp
Transcript
153 wordsCaptions as YouTube publishes them, usually machine-generated, so product and people names can be misheard.
- 0:00
like right now if you're uh if you're trying to buy something on the Internet like there are plenty of places where you can spend crypto but it's always like we still haven't come across haven't overcome those those ux problems uh andless logistical problems you know how am I going to get money into my crypto wallet how am I going to do currency conversions um how am I going to on on-ramp how's the merchant GNA offramp
- 0:24
uh these things are just getting in the way of of crypto being used for payments day to day this agent is talking to this agent and they're trying to negotiate on what payment method to use that case they're really going to want to pass a credit card number over the wire or are they going to be a lot more incentivized to use a cryptobase payment rail we think it's the last