EddieJayonCrypto
21 Dec 24
• Vendors pay less fees• Vendors receive faster payments• Vendor and customer trust based on a secure and dependable infrastructureThe market is slow today and really not much difference from yesterday. So, I decided to shoot a video about differences between credit card transactions versus crypto t...
• Vendors pay less fees• Vendors receive faster payments• Vendor and customer trust based on a secure and dependable infrastructureThe market is slow today and really not much difference from yesterday. So, I decided to shoot a video about differences between credit card transactions versus crypto transactions.Unbeknownst to merchants, they have been trained to trust in the process. You read that right and it happens right at checkout. They wait a few seconds to see the transaction is "approved". Once they see that, the person is allowed to leave with the product. The fact is the that is just the first step in a process that can take as long as 7 days to actually complete. Here's the real kicker, the process is still in play since the credit card companies have to give the customer time to figure out if they want to keep the product. That can be up to 60 days.Comparatively, if we were to apply that same level of trust, the approval happens at about the same time (technically, the crypto transaction is faster, but not enough to really scream about at that point). The completion of the transaction can happen in only a few hours. Some of the more established coins can make that happen in seconds or minutes. That means the whole crypto process is done and money has been transferred in seconds to minutes with a worst case scenario being hours. Still, the trust happens at the same time. Let's get into that trust though. The transaction can't happen unless the customer has the money. You can see the transaction happening on the blockchain in real time. Once in process the transaction cannot be cancelled or altered.The big difference in the transaction process is that the vendor gets damn close to all of their money and with far less steps where they have to pay a fee. Each blockchain also has safeguards to reduce risk of fraud, just like the credit cards. The shining difference is that the blockchain process makes it so vendors get their payments a heck of a lot sooner and they get more of it!Crypto payments are a real thing and they are about to be placed on our hosting platform, RebelReach.com, so merchants can save time, have security and pay less fees. We hope to have this completed by the end of May, but plan on having implementation sooner than that. We plan on being a major part of the adoption process!~Get the Grow My Bag Crypto Tracker! - https://growmybag.tv/Crypto-TrackerGet the book! - Crypto Foundations for Building Multi-Generational Wealthhttps://www.amazon.com/Crypto-Foundations-Building-Multi-Generational-Wealth/dp/1733097422Join this channel to get access to perks -https://www.youtube.com/channel/UC3tSBR3SIcHPE-Rpy1Ek3Rw/joinJoin Grow My Bag social media - https://growmybag.tv/sign-upSupport the Community with GMBTV - https://pump.fun/coin/HTwZBaFS6t5rbgQ7jg8Y3KcqJEXEmVVHZtpqJMbapump🚨 Full Disclaimer: This video and its contents are for informational purposes only and do not constitute an offer to sell or trade, a solicitation to buy, or recommendation for any security, cryptocurrency, or related product, nor does it constitute an offer to provide investment advice or other related services by Grow My Bag. Grow My Bag may have a financial investment with the cryptocurrencies discussed in this video. In preparing this video, no individual financial or investment needs of the viewer have been taken into account nor is any financial or investment advice being offered. Any views expressed in this video were prepared based upon the information available at the time such views were written. Changed or additional information could cause such views to change.