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CD III @CDIIIcrypto on x 2543 followers
Created: 2025-07-27 17:05:46 UTC
Stripe adopted bitcoin for payments way back in 2014.
However, they realized few years later that due to long transaction confirmation time of bitcoin chain, expensive transfer fees and volatility, btc isn't suitable to be used as payments.
Imagine you paying 20$ for a coffee but you had to pay extra 20$ in transfer fees and by the time merchant received the payment it was less than 20$ lol
Due to this bad UX, stripe continued to see decline in user interest in bitcoin as payment option, and they stopped bitcoin support in 2018.
However, they said they were optimistic about crypto's future
Fast forward to 2024, they acquired bridge, a stablecoin payment infra cus stablecoins solved some of the pain points of using btc as payment option but some problems still remain
Currently most of the stable supply is on ethereum and tron where fees range from 0.56$ on ethereum to upto 8$ on tron
And the fees spike upon network congestion so UX becomes even worse
This shows still works need to be done on the infra side to make txs cheaper to make stablecoins ready for adoption
This brings us to @plasmaFDN, a bitcoin sidechain purpose built for stablecoins
The key features include 0$ USDT transfer fees, private txs and evm compatible
So you can now spend your usdt at stores without worrying for gas spikes or high tx fees because of how plasma is built
Btw trillions
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Related Topics bitcoin coins layer 1 coins bitcoin ecosystem coins pow