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I Agree that the situation in Europe is not too bad. Still I can see a situation where some cryptocurrency pushes transaction prices down for regular payments (

I Agree that the situation in Europe is not too bad. Still I can see a situation where some cryptocurrency pushes transaction prices down for regular payments (maybe without handling fraud, because it is a smaller problem with smaller transactions?). But none of the cryptocurrencies are there yet, and maybe it will never happen.

hocuspocus 5y ago
If you need marginally free payments, the mobile payment systems that exist in several countries are already doing a pretty good job. We could imagine some EU regulation push to mandate inter-operability [1] and no/low cost to small businesses. I don't think big businesses can just disregard the cost of fraud and other payment incidents. On the other hand, subsidizing small businesses makes sense: for good or bad, there's an increasingly anti-cash movement in some European countries. [1] https://empsa.org https://empsa.org