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You don't think some startup will not take fees? Who is paying for infrastructure and salaries?
by samfisher83 9y ago
You don't think some startup will not take fees? Who is paying for infrastructure and salaries?
- runeks 9y agoThere will definitely be fees, but they will be set through competition, as opposed to defined by VISA/Mastercard at will.
- aianus 9y agoThe 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.