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Think of it like the currency equivalent of backwards compatibility. It's meant to serve as a stopgap so that accepting bitcoin for a purchase doesn't require
by KoftaBob 6y ago
Think of it like the currency equivalent of backwards compatibility.
It's meant to serve as a stopgap so that accepting bitcoin for a purchase doesn't require the friction/risk of only being able to use that bitcoin at other places that accept bitcoin.
- notyourwork 6y agoIf BTC could replace CC merchants in terms of their transaction volume than this would not be possible. However, because the transaction volume cannot be handled natively Visa is able to wrap the "decentralized" currency and profit by continuing to be a middleman.