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Guaranteed payment, low transaction cost and available to all. A homeless person often can’t get a credit/debit card, so cryptocurrency would be great for digit
by travisjungroth 9y ago
Guaranteed payment, low transaction cost and available to all. A homeless person often can’t get a credit/debit card, so cryptocurrency would be great for digital payment.
- paulie_a 9y agoExcept Bitcoin is anything but low transaction fee
- travisjungroth 9y agoI agree, Bitcoin fees are too high for this use case. There are other assets with faster/cheaper transactions. I just wanted honestly answer the comment about why cryptocurrency is better in this case (even if it’s not all cryptocurrency). I could also say why it’s worse: price instability (that $100 you had to your name is now $70), no way to force a refund, not widely used, and you have to manage keys. I’m sure there are more.