> 1) They're expensive (merchants pay ~3% fees which makes items more expensive for us) As a consumer I don't care. I get 3-6% back on purchases so even if yo

> 1) They're expensive (merchants pay ~3% fees which makes items more expensive for us) As a consumer I don't care. I get 3-6% back on purchases so even if you raised rates or gave a cash discount generally it is still cheaper for me. Also, I get other benefits such as an extra warranty. > 2) They're not safe-- anyone can read the numbers off your card and steal it. This also makes credit cards more expensive, bc the banks need to charge more in fees to cover fraudulent transactions If someone steals my wallet all my cash is gone. If someone steals or reads my CC # I am out $0 and a few hours changing billing. With things like applepay I don't even need to pull out the actual card that much anymore. Apparently, ripple doesn't support charge backs. This is a non-starter for me. > 3) They incentivize us to spend money we don't have (and then pay fees on that money) I've had a credit card for 12 years and have never paid a fee. Yes, it makes it easier TO pay, but I don't buy something I don't have the money to immediately pay off. > 4) They're inefficient. Requires 4-5 different parties to pass money around. As a consumer I don't care. > 5) Only works in one currency and in one country (without paying massive fees) Mine will work in multiple countries and currencies. The exchange rate is as good as any other I can get. And once again, if I was to exchange for cash I can lose the cash.