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Question Classifying Stablecoins: AltCoins, E-Currency, or Beyond?
- Thread starter jafo
- Start date
OK, but for transaction purposes....Ascoins
For example, Paying e.g. Jackie Chan for Kung Fu shoes in China and avoiding bank monkeys and two weeks of due diligence and SOF/SOW documentation BS, how would you sub-categorize them?
PS. I know
coin is the main category, but how about the subcategory? 
Undetermined untill we see the shoes. Got link?OK, but for transaction purposes....
For example, Paying e.g. Jackie Chan for Kung Fu shoes in China and avoiding bank monkeys and two weeks of due diligence and SOF/SOW documentation BS, how would you sub-categorize them?
PS. I know
NGL, I don't have an exhaustive list, but from my experience I can list these:
- Bitcoins
- Altcoins e.g. ETH, XMR, XNO, LTC, etc. (not to use that other unpleasant term
) - Stablecoins e.g. USDT, USDC, DAI, etc. (which my clients and suppliers use to do fast unencumbered transactions to avoid the slow banking system and its SOF/SOW/Invoice/Tax returns, etc. requests i.e. ACH, wire transfer, SEPA, etc. etc., so I too am compelled to go along if I don't want to starve. Life's TOO short for me to argue with my suppliers and buyers )
- CBDC (just adding this due to everyone doing the fear-mongering
- ???????
The traditional slow and overwhelming banking system with lots of ridiculous documentation demands with funds being frozen...
Increase business by avoiding any and all tasks NOT related to product procurement, logistics, and delivery.
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