I think this highly depends on what country you live in. In NL and I have never entered a credit card number in a webshop to do a purchase ever. Just hit the "Pay" button; redirects to my bank; I get a notification on my phone; Hit fingerprint to unlock; approve; paid. Been that way for more than a decade
And I can call my bank when I get scammed unlike whatever crypto thing you're trying to sell in this post
There's a small enough number of competing APIs that it's not an especially large burden for merchants to integrate each. For very small merchants, they usually subscribe to a tool like Stripe to offload the complexity.
The user sees a "click here to interface with your bank" type experience on almost every site in the EU & UK.
I'm pretty confident that the current system is the way it is because it's a sweet spot between user friendliness and difficulty of spoofing and/or impersonation. Slide it one way in either direction and the other gets worse.
>The internet was built without a native way to prove who you are and move value securely. But now, for the first time, that missing piece (example...
I earnestly thought "Apple Pay" was going to be the example, and this post's title would be updated with [2014]. I'm not clear how the vault solves a problem anybody has in an era where Apple Pay and its contemporaries exist. I'm fairly sure if you'd described the Apple/Google Pay features to someone in 1990, they'd think something approximating "yeah that sounds like a good target".
Regarding passwords, I definitely hope that we can have sign in with bluesky option instead of sign in with google and since bluesky can be self hosted or even the pds can be seperated from the server (not in practise right now but still) i feel like it has potential to replace the password issue in the article
Regarding payments, as I had wrote in some another comment here where I basically wrote a article, the gist of it is that I believe that we need a system where stripe's payment integration doesn't need us to have insane kyc requirements and we can just sign up to stripe using a account and then start paying / accepting just as it can happen in roblox. I am pretty sure that stripe had launched some cryptocurrency features and there was this guy on twitter who was requesting a stripe card where they can pay stripe balance to other stripe accounts instead of waiting 14 days to redeem it and then spend it, I don't know the progress of it but seriously stripe just has to do these two things:-
1) make kyc less strict, allow ways to earn money by having a payment method just via having an account, no need to do entire kyc
2) allow payments from those accounts to anywhere stripe is valid.
I am not sure why they don't do it. This thing can honestly put most of my usecases of crypto to bed and I wouldn't even mind a 1-2% cut tbh.
When it works, it works great. But how about when it don't?
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Passkey - what would happens when we lost the device? You need some kind of recovery, right?
Social recovery - of course you could do that. Are you doing one recovery for all accounts (which require some kind of "wallet" stored in a centralized location - and can be disabled)? Or one for each services (which may make your grinder account known to your family)?
How about tourists? When you lost your phone while you are traveling in other country, what should you do?
Fair point and it's still a domain of research. The GNU project works on something quite cool I think, called Anastasis. If we solve these things & make them easy, it's a win.
I'm James from USA I was a victim of bitcoin scam and I lost up to £140,000 within 2 months. All hope was lost because I can’t believe I’m the one losing that amount of money in just 2 months. Thanks to Christopher my friend. He stud by me and make sure I get back my lost funds. Both of us started looking for they way out by doing some research. Thank goodness he was able to find recoverydarek@gmail. com I contacted him immediately. He asked for some information concerning how I was scammed, and also some little commitment which I did asap. After 24 hours, I received a notification of £140,000 sent to my personal coin base wallet address. I was so shocked and surprised, I contacted the expert immediately to know if the money I just received is my lost bitcoin. He replied back and said congratulations. How wish I can do something else to recommend your company apart from this testimony.
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And I can call my bank when I get scammed unlike whatever crypto thing you're trying to sell in this post
It'll be replaced by Wero at some point. Wero is being rolled out in other European countries right now:
https://en.wikipedia.org/wiki/Wero_(payment)
The user sees a "click here to interface with your bank" type experience on almost every site in the EU & UK.
Deleted Comment
The last thing isn't a wallet, it is a cryptographic signer.
I earnestly thought "Apple Pay" was going to be the example, and this post's title would be updated with [2014]. I'm not clear how the vault solves a problem anybody has in an era where Apple Pay and its contemporaries exist. I'm fairly sure if you'd described the Apple/Google Pay features to someone in 1990, they'd think something approximating "yeah that sounds like a good target".
Regarding payments, as I had wrote in some another comment here where I basically wrote a article, the gist of it is that I believe that we need a system where stripe's payment integration doesn't need us to have insane kyc requirements and we can just sign up to stripe using a account and then start paying / accepting just as it can happen in roblox. I am pretty sure that stripe had launched some cryptocurrency features and there was this guy on twitter who was requesting a stripe card where they can pay stripe balance to other stripe accounts instead of waiting 14 days to redeem it and then spend it, I don't know the progress of it but seriously stripe just has to do these two things:-
1) make kyc less strict, allow ways to earn money by having a payment method just via having an account, no need to do entire kyc 2) allow payments from those accounts to anywhere stripe is valid.
I am not sure why they don't do it. This thing can honestly put most of my usecases of crypto to bed and I wouldn't even mind a 1-2% cut tbh.
--
Passkey - what would happens when we lost the device? You need some kind of recovery, right?
Social recovery - of course you could do that. Are you doing one recovery for all accounts (which require some kind of "wallet" stored in a centralized location - and can be disabled)? Or one for each services (which may make your grinder account known to your family)?
How about tourists? When you lost your phone while you are traveling in other country, what should you do?
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