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Centralized payment networks will always be cheaper to administer than blockchains. The only reason that Visa and Mastercard have such high fees is because it'

by resf 9y ago

Centralized payment networks will always be cheaper to administer than blockchains. The only reason that Visa and Mastercard have such high fees is because it's a duopoly.

QML 9y ago
Harder to get access to a centralized payment network though, right?
vkou 9y ago
The only other reason they have such high fees is because those fees pay for dealing with fraud. Bitcoin makes the user deal with fraud, with predictable results.