I think it addresses a lot of token compatibility and hindrances
Yes, it removes all token compatibility issues. Of course this being dependent on how quickly we roll out our integrations.
The customer still pays via crypto, the owners swap inside Altera, but instead of it going to a wallet, maybe to their bank account?
Fiat onramps and offramps will be coming to Altera, yes.
There are a few options for this we are looking at.
The obstacle with merchant adoption has always been the fact that every blockchain wants you to use their tokens and their tokens only. So the focus has been on benefiting only their users.
VSC aims to benefit the end user and the wider ecosystem by removing the need to be tied to one chain.
Thank you for answering my questions. I agree with what you said about traditional blockchain practice has been prioritizing their users, so VSC addressing end user concerns is a breath of fresh air. I look forward to this and hope it gets mass adoption. The Fiat on/off ramps is already a big help in trying to get regular businesses to give it a try.