TL;DR
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You know what stood in the way of eBay’s early growth? Payments.
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It feels so insignificant now, but online payment rails were a massive choke point for early internet businesses.
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You know those ‘Pay with PayPal’ buttons you see on websites? They’re coming to Web3!
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The result? First order effect: fiat-to-crypto payments will mimic an easy, Web2-style experience.
Full Story
You know what stood in the way of eBay’s early growth? Payments.
You know what unblocked it? PayPal.
It feels so insignificant now, but online payment rails were a massive choke point for early internet businesses.
We’re seeing the same in Web3 – how are folks supposed to get into the space?
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Sign up to a crypto exchange
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Input a credit card and buy crypto
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Set up a separate self managed wallet
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Send their crypto over to that new wallet
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Then (and only then) start exploring the space?
Say it with us now: “That’s clunky as hell!”
Today, we’re seeing proof that history doesn’t repeat itself, but it rhymes!
You know those ‘Pay with PayPal’ buttons you see on websites?
They’re coming to Web3!
Whether you’re buying crypto within a wallet app, buying tokens within a game, shopping for NFTs on a marketplace – that five step process listed above will soon be reduced to the following:
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Pay with PayPal.
The result?
First order effect: fiat-to-crypto payments will mimic an easy, Web2-style experience.
Second order effect: your mom won’t threaten to disown in a fit of frustration, like the last time you tried to onboard her into crypto.
