3 ms·
Sounds like initial plans are to not take a fee for Bitcoin payments. Which is awesome but a bit surprising. I wonder whether they'll be able to keep this fee-
by cwkoss 5y ago
Sounds like initial plans are to not take a fee for Bitcoin payments. Which is awesome but a bit surprising.
I wonder whether they'll be able to keep this fee-less over the longer term. If/when they start facilitating billions of dollars moving per year, I'd imagine intense pressure from shareholders to take a cut.
- blhack 5y agoHow would they take a cut?
- kneel 5y agoThey're using the 2nd layer lightning network, fees are not an issue.
- javert 5y agoThey can profit simply by holding bitcoin, which they're increasing demand for. Bitcoin has always been the kind of thing that rewards insiders. Companies and government officials can profit just by holding bitcoin and then incentivizing its wider use. It makes more sense to become an insider than to fight bitcoin. Arguably, that's even true for major financial institutions.