Vitalik Buterin calls crypto payments “underrated”
The Ethereum co-founder believes this payment method is better suited for international transactions and donations
25.08.2022 - 11:50
756
1 min
0
What’s new? Ethereum co-founder Vitalik Buterin said that people continue to “underrate” crypto payments even though they have several advantages over fiat payments. Among these, Buterin attributed greater convenience and the ability “of censorship resistance.” The developer added that the adoption of crypto payments will have a positive impact on the development of international business and facilitate the work of charities.
People continue to underrate how often cryptocurrency payments are superior not even because of censorship resistance but just because they're so much more convenient.Big boost to international business and charity, and sometimes even payments within countries.— vitalik.eth (@VitalikButerin) August 24, 2022
What happened before? Buterin spoke out against possible censorship of the Ethereum protocol. In a poll by blogger Eric Wall, he voted to burn the share of validators if they would block transactions at the protocol level, complying with the US authorities. At the moment, the US government has not implemented such rules, the poll was about a hypothetical situation.
Also, Buterin criticized the attempts of corporations to create their own metaverses. He believes that their actions will lead nowhere, because at the moment even the exact definition of the metaverse is unknown, and it is too early to talk about what people really want from it.
Useful material?
Telegram 
Twitter Incidents
The company is linking the incident to a compromised private key on a service wallet, rather than a smart contract exploit
May 22, 2026
Incidents
Following the incident, the project temporarily halted trading operations and node activity.
May 15, 2026
Incidents
The user spent weeks unsuccessfully trying to guess the password until Claude helped find an old wallet backup file
May 14, 2026
Crypto regulations
Authorities are introducing mandatory registration for companies handling cross-border crypto transactions
May 8, 2026
Incidents
According to Blockaid, the attack may have been carried out by the same hacker behind the 1inch Fusion V1 exploit.
May 7, 2026
Incidents
The attacker gained administrative access and altered contracts to drain user funds
Apr 30, 2026
Cryptocurrency rates
-
Bitcoin
$63 649
BTC
-5%
-
Ethereum
$2 551.16
ETH
+3.56%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.19
XRP
-2.32%
-
Dogecoin
$0.090638
DOGE
-2.73%
-
TRON
$0.160134
TRX
-1.59%
-
Zcash
$620.82
ZEC
-1.85%
-
Cardano
$0.198144
ADA
-7.12%
-
Stellar XLM
$0.207308
XLM
-8.88%
-
Polkadot
$3.32
DOT
+5.27%