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Bitcoin hasn't been fast or cheap for a very long time, whereas many 'traditional payment methods' let people send money instantly for free.
by joosters 9y ago
Bitcoin hasn't been fast or cheap for a very long time, whereas many 'traditional payment methods' let people send money instantly for free.
- kbenson 9y ago> whereas many 'traditional payment methods' let people send money instantly for free. Well, not really free. There's a cost associated, but it may not be initially applied to the consumer. It makes it's way through in some way though, such as an increased service cost. The most transparent industry for this is likely gas stations, which in the U.S. at least (and even then I can only comment on the regions I've observed it), they will quote different prices per gallon for cash and for credit/debit, which is them pushing the cost through to the consumer transparently. This was actually disallowed by card processing agreements in the past, because card processors didn't want the fees hampering acceptance of charge cards.