Re:Bitcoin has little shot at ever being a major global curr...
by prepend on Thursday January 11, 2018 @03:42PM
(#16127645)
I think the issue may be that while a grocery store certainly has a payment processing fee to receive $20, they have fees on top of BitCoin. So BitCoin adds to these fees. And the existing fee is very small, between .25-5% for cash/cc while BitCoin is much higher.
There are no fees for me to pay my friend.
I don’t know if you remember the olden days when PayPal was mainly for paying your friend $20. It was slow and cost a lot so not very cool. There would be fees just to send your friend money. This was bad.
While “giving your mate some
BTC” is possible, the amount lost to fees is pretty lame.
There are no fees for me to pay my friend.
I don’t know if you remember the olden days when PayPal was mainly for paying your friend $20. It was slow and cost a lot so not very cool. There would be fees just to send your friend money. This was bad.
While “giving your mate some BTC” is possible, the amount lost to fees is pretty lame.