- With Web3, users will be able to purchase goods and services without needing to use a third-party intermediary or a centralized server.
- This will mean that transactions are faster and more secure, as users will no longer need to trust a third party to process their payments
Additionally, users will be able to more easily track the progress of their orders and payments. This will help reduce fraud and make transactions more transparent.
- Web3 can also make transactions more convenient for users.
Web3 can make it easier for merchants to accept payments from customers. Merchants can accept payments in a variety of cryptocurrencies, making it easier than ever to accept payments from customers.
✨ Web3 can change the way we do e-commerce, making it faster, & secure.
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He added in a tweet thread that he would try to give details on FTX US's solvency and American customers, pathways that could return value to users internationally, what he thinks led to the crash and his own failings.
The Senate had demanded he testify, but had been left with a pregnant silence up until now. A letter sent by senators threatened Bankman-Fried with a congressional subpoena if he refused to cooperate. The deadline for his response was set for 5pm ET yesterday.