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Not really - these are high volume low value transactions and need to be low friction. Money laundering and similar illegal transactions are fine with the oppos
by moonchrome 5y ago
Not really - these are high volume low value transactions and need to be low friction. Money laundering and similar illegal transactions are fine with the opposite.
- dvdkon 5y agoThe cryptocurrencies I consider viable for this kind of thing (mostly Monero) are actually better for low-value transactions than conventional card payments, since they have a low, fixed transaction cost (well under 0.1USD, try that with VISA/MasterCard). I'm not sure about scaling volume, but the current situation looks promising. Friction is a problem, but I don't see why sending Monero has to be any harder than with conventional payment methods. The hard part is overcoming the network effect of payment cards.
- fksadfji12 5y agomeet the lightning network