TL; DR
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You know what hindered eBay’s early growth? Payments.
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It feels so insignificant now, but online payment rails were a huge bottleneck for early internet companies.
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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-like experience.
Full story
You know what hindered eBay’s early growth? Payments.
Do you know what got it unblocked? PayPal.
It feels so insignificant now, but online payment rails were a huge bottleneck for early internet companies.
We see the same thing in Web3: how should people enter the room?
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Sign up with a crypto exchange
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Insert a credit card and buy crypto
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Set up a separate, self-managed wallet
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Send their crypto to that new wallet
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Then (and only then) start exploring space?
Say it with us now: “That’s so awkward!”
Today we see proof that history does not repeat itself, but rhymes!
You know those “Pay with PayPal” buttons you see on websites?
They’re coming to Web3!
Whether you’re buying crypto in a wallet app, buying tokens in a game, or buying NFTs on a marketplace – the five-step process mentioned 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-like experience.
Second order effect: Your mother won’t threaten to disown you in a fit of frustration, like the last time you tried to get her into crypto.