kaal:claim:3808867-036

Decentralized payment systems hold a comparative advantage over centralized legacy fiat systems because holding and storing cryptocurrencies requires no banking relationship, whereas centralized fiat payment platforms typically require an existing banking relationship.

Source quote, verbatim

Centralized legacy fiat payment systems and platforms typically require some form of an existing banking relationship in order for consumers to utilize their services. Holding and storing cryptocurrencies does not require a banking relationship.

From

Wulf A. Kaal, How Decentralized Systems Can Upgrade AI (2021), V. Decentralized Commerce, p. 18
https://ssrn.com/abstract=3808867 · source PDF

Cite as

Wulf A. Kaal, How Decentralized Systems Can Upgrade AI (2021). SSRN: https://ssrn.com/abstract=3808867

Holds when

consumers without existing banking relationships

Classification

conditionsupport: arguedinstitutional-design

Verify

The quote above is an exact substring of the source PDF, whose sha256 is eeccf6d0587bd278a96ce6ac8ec5003e26d161c245f6c94b4144d84f374802eb. Extraction method: pdf-text-layer.
Attestation record: colloquium/attestations/fb0c62a2a3fbeaaf...json
Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/3808867-036.md | sha256sum