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A comment on Apple Pay and the rise of the five-party network. Parent comment

Re:Apple Pay and the rise of the five-party network by samfisher83 on Wednesday June 14, 2017 @10:16AM (#14552865)
You don't think some startup will not take fees? Who is paying for infrastructure and salaries?
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Re:Apple Pay and the rise of the five-party network by aianus on Wednesday June 14, 2017 @04:46PM (#14555995)
The fees can be a lot lower when you don't have to maintain rewards programs, liability for fraud, or dispute mechanisms.

Bitcoin is ridiculously inefficient compared to what a centralized entity could be and it's already cheaper than wire transfers or even credit card transactions over a certain size.

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Re:Apple Pay and the rise of the five-party network by runeks on Wednesday June 14, 2017 @11:31AM (#14553448)
There will definitely be fees, but they will be set through competition, as opposed to defined by VISA/Mastercard at will.
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