{"id":564071,"date":"2020-10-03T10:19:34","date_gmt":"2020-10-03T07:19:34","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=564071"},"modified":"2020-10-03T10:19:34","modified_gmt":"2020-10-03T07:19:34","slug":"ethereums-vitalik-more-people-should-support-eth-for-payments","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/ethereums-vitalik-more-people-should-support-eth-for-payments\/","title":{"rendered":"Ethereum’s Vitalik: More People Should Support ETH for Payments"},"content":{"rendered":"
Quick take:<\/strong><\/p>\n The Co-Founder of Ethereum, Vitalik Buterin<\/a>, has recommended that more people and online platforms should support ETH payments. According to him, supporting Ethereum payments has the additional benefit of opening the door to other noteworthy ERC20 tokens that can also be supported. They include popular digital assets such as Maker (MKR), Uniswap (UNI)<\/a>, Wrapped BTC (WBTC) and more.<\/p>\n With respect to fees and network congestion, Mr. Buterin pointed out that there were existing layer-2 solutions already on the Ethereum mainnet. Below is his statement<\/a> providing the recommendation on supporting Ethereum payments.<\/p>\n More people should support ethereum for payments.<\/p>\n The nice thing about supporting ethereum is that you’re not just accepting ETH, you also get support for MKR, UNI, WBTC, and every stablecoin for free.<\/p>\n And there’s already like three working layer-2 scaling solutions on mainnet.<\/p><\/blockquote>\n Mr. Buterin was responding to a comment that pointed out that the Cash App, through its parent company of Square, was yet to support Ethereum on its platform. The initial comment on Square was from crypto community member @spencernoon who exclaimed that Square not supporting Ethereum was a ‘head-scratching crypto strategy’ given the popularity of ETH.<\/p>\n Below is the initial statement by @spencernoon that resulted in Vitalik recommending that more platforms support Ethereum payments.<\/p>\n I\u2019m sorry if this sounds harsh. I\u2019ve been biting my tongue for months though.<\/p>\n — Spencer Noon \ud83d\udd5b (@spencernoon) September 30, 2020<\/a><\/p><\/blockquote>\n\n
Cash App Yet to Support Ethereum<\/h2>\n
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