Re:Bitcoin falls below $5,000
by mattdeboard on Monday November 19, 2018 @01:31PM
(#18488513)
People already exchange tiny amounts of money. It's done through this cutting edge service called "banking." I think the implication of the GP's comment is that he considers blockchain/cryptocurrency tech a replacement for banking.
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What banking service are you referring to? Credit networks, debit networks, ACH, something else? AFAIK none of them are practical for micropayments, in the US at least. It's possible that the banking industry could invent a network on which micropayments are practical, but it hasn't happened yet.