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credit and debit cards are rate regulated in the EU to a 0.2% maximum fee and moving money between users these days is usually free completely with almost any p
by Barrin92 5y ago
credit and debit cards are rate regulated in the EU to a 0.2% maximum fee and moving money between users these days is usually free completely with almost any payment service or bank account. Cryptocurrency fees are significantly more expensive, and process a fraction of the transactions.
The ability to have a monetary policy is a bonus and it's the reason centralized money is price stable. If you were paid your salary in bitcoin on May 1st this year you would've lost 50% of that at the end of the month, good luck paying your rent
In addition to the original crime and legibility discussion as a practical means of transaction crypto is volatile, expensive and slow.
- pennaMan 5y ago>Cryptocurrency fees are significantly more expensive That statement makes no sense. Crypto transfer fees are not a percentage of the transferred amount.
- erk__ 5y agoFor bitcoin at the moment you have to move around $1300 before the fee is less than 0.2% And around $2400 for etherium. Which means that in the common use as a payment it will be more expensive. On top of that you get into questionable situations if the shop owner wants to charge differently because of the fee as that is already disallowed for plastic cards.