3 ms·
The article raises an interesting point around banks and transaction charges. On one hand it is a benefit that BitCoins are not subject to the often spurious c
by asharpe 13y ago
The article raises an interesting point around banks and transaction charges. On one hand it is a benefit that BitCoins are not subject to the often spurious charges that Banks employ (anyone done an international wire transfer will probably know about the 'transmitting' bank charge ... which is basically a way for banks to shave an extra charge as far as I can see). However, it is the exclusion of these charges (and revenue/profit) by banks that will cause them to not only not adopt BitCoins but work actively to limit their reach and adoption. This will be a bigger battle ground than governments/central banks over the wide spread adoption of bitcoins.