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High Bitcoin transaction fees are exactly what's good for Visa. Visa most likely wants to get your Bitcoin first and settle in the merchant's currency. They the
by foepys 6y ago
High Bitcoin transaction fees are exactly what's good for Visa. Visa most likely wants to get your Bitcoin first and settle in the merchant's currency. They then sell Bitcoin from different purchases in large on-chain transactions.
Visa can essentially make the fee of a Bitcoin-to-merchant transaction $16 and still be on par with Bitcoin's own transaction fees. Only that you can buy stuff easily.
- imtringued 6y agoThey can also offer the usual credit card functionality. Spend dollars and settle with Bitcoin once per month.