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if transactions were done in btc, each transaction would amass the typical fees - which are pretty high at the moment. converting btc to fiat to pay your visa
by realradicalwash 6y ago
if transactions were done in btc, each transaction would amass the typical fees - which are pretty high at the moment.
converting btc to fiat to pay your visa card bill at the end of the month would be one transaction per month.
that's a huge difference.
- Gustomaximus 6y ago> converting btc to fiat to pay your visa card bill at the end of the month would be one transaction per month. Given BTC volatility paying monthly could add a bunch of risk (or benefit) to purchases. I imagine most people would want something more stable for their purchasing.
- runeks 6y ago> if transactions were done in btc, each transaction would amass the typical fees […] No. A transaction can be denominated in BTC without touching the blockchain. And settled at the end of the month through the blockchain.