Every single digital transaction visa VISA/MC etc. is taking 2-3% off the top. That's ridiculous. Those fee structures were designed for an alternate universe

Every single digital transaction visa VISA/MC etc. is taking 2-3% off the top. That's ridiculous. Those fee structures were designed for an alternate universe. It made sense in 1970 - not on the internet today. If we invented an 'interbank exchange' scheme today, which would probably include some decent form of identity management, it could operate at less than 1/10th of that fee. The entire industry, which is controlled by the banks, is pure incumbency. Not only is there value lost to that tax, but that network holds transactions back to some extent. The real economic value of crypto is there, not in the current form of deflationary shenanigans.