, 3 tweets, 4 min read
#Ethereum's on-chain stablecoin transaction volumes surpassed @venmo's total payment volume in Q2 2019: tradeblock.com/blog/stablecoi… (h/t @evan_van_ness)
@venmo @evan_van_ness #Ethereum was also < 1/100th as extractive as @venmo:

"customers spent just $827,000, in network fees, to transfer more than $37 billion. Over this same period, fees & fees on associated services paid to Venmo are expected to reach $150M." -@TradeBlock

@venmo @evan_van_ness @TradeBlock We'll see this thesis play out again and again for successful #cryptonetworks.

They'll scale to be larger than most company-provisioned-services, at a faster rate, and should offer on-par services for order(s) of magnitude less.
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