from Gergely Orosz | by Gergely Orosz

OnlyFans (an adult site) shutting down adult content because MasterCard and Visa will no longer allow such transactions should be the crypto moment. There's a need (payments at scale) & a market (billions of dollars). If crypto won't make the mainstream jump now, when would it?

I'm no a crypto enthusiast, this is a use case set for DeFi (decentralized finance). Problems that anyone wanting to fill this void will discover: 1. Crypto ease of use for users 2. Moving between crpyto and fiat currencies at scale (no provider like Coinbase will support this)

The Achilles heel of crypto always has been (and will be) moving fiat currency (e.g. from banks) in the system, then moving them out. You need to go through painful KYC checks as an individual. And even more thorough checks as a business... with centralized finance institutions.