Shirley: Fiat and crypto conflict over transaction reversibility, enabling fraud
Dieter Shirley · NBA Top Shot and the Flow Blockchain · May 21, 2021 · at 8:47
Dieter Shirley, co-founder of Dapper Labs, discusses the technical and financial hurdles of onboarding mainstream consumers onto crypto apps via fiat credit card payments in Dapper Wallet.
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“That the traditional fiat world of finance and the crypto world of tokens, they do not play nicely with each other. One of them has a presumption that every transaction is undoable. The other has the presumption that no transactions are undoable. And that opens a, just an enormous possibility for fraud.”
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