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But there are definitely use cases where I would love to have the option to reduce fees and take on fraud risk myself. In my mind, the simplest way to define it
by xur17 7y ago
But there are definitely use cases where I would love to have the option to reduce fees and take on fraud risk myself. In my mind, the simplest way to define it is "cash for the internet".
- hocuspocus 7y agoIn many countries wire transfers cost nothing to the customer and maybe 1-2 cents to the business account holder. No need for blockchain if you just want cheap payments without protections.
- xur17 7y agoIn the US they cost anywhere from $15 - $30.
- chrischen 7y agoHow do you think those online scammers that rob grandpa and grandma get their money? They don't use crypto—in fact some use gift cards!