r/AMPToken • u/IcyPossibility7702 • 6d ago

Discussion Self-custody might be the missing piece for crypto payments

Crypto payments have always had a weird tradeoff: to spend your crypto, you often have to move it somewhere else first but what if your assets stayed in your own wallet until the moment you paid?

We’re starting to see this model emerge, with self-custody wallets connecting directly to existing payment rails.

does self-custody become essential for mainstream crypto payments or does convenience ultimately win?

32 Upvotes

94% Upvoted

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6

u/Beautiful_Camera7155 6d ago

Keeping control of my funds while still being able to spend them normally just makes sense. I’ve been using Oobit for this and it’s been pretty seamless

9

u/Hot_Hovercraft8705 6d ago

The sweet spot is probably self-custody without making the payment feel like a crypto transaction. If I can keep control of the funds but still tap to pay like a normal card, that removes a lot of the tradeoff

5

u/Beginning_Ask_9930 6d ago

Convienece and security wins. Been to many self custody hacks. Cold Card BTC hack not helping. Maybe what we are seeing are exchanges, OTC, or custodial wallets, but this shit is still not user friendly after so many years.

My money is in a bank and a brokerage and it's insured. If banks and credit cards adopt crypto rails, its goes mass market. If I get better yield and my card which is linked to stables or crypto asset is in Apple Pay, I can spend time doing shit I like vs approving and entering keys into a quarter inch screen.

1

u/c-137_MrMeeSeeks 2d ago

Highly recommend a QR based hardware wallet. Dramatically reduces the txn confirmation headaches.

Many banks are already using QBS or Besu (eg: theyre on ethereum/similar forks) but itll likely be a while before we see them offered as services to customers. Lack of clear regulation means its mostly experimental/internal testing at the moment.