Re:How Bitcoin Can Save Publishing
by kaonashi on Tuesday October 08, 2013 @01:28AM
(#6513215)
It's like Paypal without the risk management and all the convenience of forex.
[ Parent
| on HN ]
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.