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You don’t need a blockchain to do those things. Retail with digital cash is the closest, but as a consumer there’s no real benefit to me over visa and the “rea
by prepend 3y ago
You don’t need a blockchain to do those things.
Retail with digital cash is the closest, but as a consumer there’s no real benefit to me over visa and the “real” coins like eth and bitcoin are very expensive for purchases.
I think a central bank digital currency with transaction fees in the millionth of a cent (the real compute cost) would be so much better for retail.
- nailer 3y agoYou are correct that there is no benefit to consumers in saving retailers money. Additionally, Visa can terminate a Retailers account if they provide a discount for using an alternative payment system. This may not be in all markets in the market it exist in, it also may not be legal. You are 100% correct regarding Ethereum gas fees. Transaction fees on current generation L1s are 0.0025 cents.