Re:How Bitcoin Can Save Publishing
by aminok on Monday October 07, 2013 @11:15PM
(#6512819)
Lower fees, and no divulgement of personal financial details, make it awesome for micropayments.
[ Parent
| on HN ]
It's like Paypal without the risk management and all the convenience of forex.
It has lower fees than PayPal. For micropayments, you don't really need risk management. In addition to offering a lower cost option for micropayments, it enables transactions in countries not well integrated into the global economy where PayPal can't operate (e.g. Ukraine).
You're right about the forex cost.