# USDC payments with a \~20% take-fee that buys and burns AKT

- **Speaker:** Greg Osuri
- **Attribution:** attributed
- **Said:** 2022-11-03
- **Theme:** Crypto & DePIN — https://www.gregosuri.com/predictions/crypto-depin/
- **Source:** Akash Weekly - November 2nd 2022 (Akash Network)
- **Watch at:** 00:42:09 — https://www.youtube.com/watch?v=XQVGt-fdKPY&t=2529s
- **Canonical:** https://www.gregosuri.com/predictions/crypto-depin/2022-11-03-usdc-payments-with-a-20-take-fee-that-buys-and-bur-sve3/
- **Cite as:** Greg Osuri, "USDC payments with a \~20% take-fee that buys and burns AKT," Akash Weekly - November 2nd 2022 (Akash Network), 3 Nov 2022, 00:42:09. https://www.youtube.com/watch?v=XQVGt-fdKPY&t=2529s

## Quote — verbatim

> The current plan is to enable a USDC payment on top of Akash that'll convert to AKT and settle in AKT... if you are paying in anything that's non-AKT currency you pay the tax, and the tax will be used to buy AKT off market and burn that AKT... we're proposing about 20% tax... it improves user experience and at the same time it increases AKT value through burning.

## Context — site annotation, not spoken

Answer on fiat payments and tokenomics; he adds at [00:47:51] that with the AuthZ custodial-wallet design "we are the only protocol, as far as I can tell, that has figured this out" for compliant credit-card payments.