Comment by yieldcrv
unsecured lending in the crypto world is nonexistent or implodes immediately, and even more nonexistent in the bitcoin side of things
credit cards solve that market need and are wildly popular for decades
unsecured lending in the crypto world is nonexistent or implodes immediately, and even more nonexistent in the bitcoin side of things
credit cards solve that market need and are wildly popular for decades
that's an additional attraction
many crypto services give passive fungible rewards to users for volume too, and they are wildly popular in that ecosystem
most large and growing platforms onchain do that, and people farm them hoping they begin doing that as they reward earliest users, later
I think credit cards succeed because they give customers rewards, passing on the cost to the vendor and ultimately all other customers. Also because they were the only alternative to cash for the longest time