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Why do you need an alternate currency to do that? Companies like Dwolla are hard at work trying to make credit card processing payment fees a thing of the past.
by lbarrow 14y ago
Why do you need an alternate currency to do that? Companies like Dwolla are hard at work trying to make credit card processing payment fees a thing of the past. Last time I checked, it cost only 25c to move money between bank accounts on Dwolla.
- damian2000 14y agoAre they international? If so you can bet someone (such as a bank) is taking a cut somewhere on the offered exchange rate. EDIT: I just looked and Dwolla is US only.
- consz 14y agoI mean, there's a % taken from every bitcoin transaction as well, it's just a question of which fee is lower, BTC or dwolla.
- damian2000 14y agoI think the bitcoin fee is optional? or at least doesn't apply in many cases?
- accountoftheday 14y agopeers may offer to process bitcoin transactions for free, and the original paper posits there are always going to be participants who will.
- jonny_eh 14y agoWhat if I wanted to transact 25 cents?
- argonaut 14y agoTransactions are free under $10.
- pencilcheck 14y agoFrom what I understand about bitcoin, it has a history of transactions hashed from previous transaction, therefore every transaction is tracable, and every bitcoin is identified throughout this process. I don't understand how the author got the information from, but it is definitely wrong