CHAI payments app in South Korea using @terra_money $KRT
- provides merchants with faster settlement time (they get paid in seconds rather than days)
- provides customers with discounts on everyday purchases (by cutting out the 2-3% credit card fee & working with local partners)
Follow @Lu_It_Haeng to see posts about the Chai app & card
@anchor_protocol provides stable $UST yield (predictable yield is unique in #DeFi) & its growth has self-reinforcing effects on LUNA (decreases supply of $LUNA as demand for UST grows)
("KRT" is mistranscribed as "CARROT" in the transcripts 😂)
Paraphrasing @d0h0k1:
Most projects look inwards (target users already familiar with #crypto). But if we don't help millions of new users benefit from crypto networks in a way they can’t in TradFi...then crypto is never going to go anywhere.