So transactions are difficult because they are illegal, and blockchain helps to facilitate crime?
Are there other uses? Surely a large and legitimate operation like Stripe and the companies they mention in the blog post would have found additional use cases?
The sentences that follow “found utility” say what that utility is:
> For example, Bridge (a stablecoin orchestration platform that Stripe acquired) is used by SpaceX for managing money in long-tail markets. Another big customer, DolarApp, is providing banking services to customers in Latin America.
> So transactions are difficult because they are illegal, and blockchain helps to facilitate crime?
Let's say I make drinking water illegal, would you still do it? Sure you would, you need it to live, laws be damned.
In Argentina it was a similar situation, financially speaking, but with USD, as Argentina had like 1000% accumulated inflation since 2019, so basically the ARS melted in your hands, and the USD/Euros/crypto where your only safe havens.
So yes, the government made the transactions illegal, but the alternative was becoming poor (we ended up the previous government with around 55% poverty).
I'm certainly not going to moralize against breaking the law, just curious why an American company would (apparently) build a business off of facilitating it.
American companies of all sizes do that a lot; its profitable, and even if it is eventually punished, the punishment is almost never sufficient to deter pursuing the profits.
Are there other uses? Surely a large and legitimate operation like Stripe and the companies they mention in the blog post would have found additional use cases?