In the grand scheme of things, the past 1-2 years were probably the only years where a POS enabled crypto startup (specifically for merchant acceptance) could have gotten meaningful distribution and caught up.
A few reasons:
1. Crypto user experience was good enough (ie embedded wallets, gas abstraction).
2. Users are getting more frustrated with their card providers (ie Chase lowering the value of their points, etc).
3. Merchants being open towards payment methods that help them increase their bottom line revenue.
Instead, we got stablecoin debit cards powered by Visa (which is still a positive step forward!).
A few reasons:
1. Crypto user experience was good enough (ie embedded wallets, gas abstraction).
2. Users are getting more frustrated with their card providers (ie Chase lowering the value of their points, etc).
3. Merchants being open towards payment methods that help them increase their bottom line revenue.
Instead, we got stablecoin debit cards powered by Visa (which is still a positive step forward!).
https://x.com/kaycidot/status/1995289139693199575
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