somebody please explain to me what the market force is that enables producers to upcharge for fiat.
fiat, with a larger payment network and lower barrier to entry, is going to be MORE expensive to use? why?
"because Bitcoiners want Bitcoin" is not a compelling market reason.
Replies (9)
my wife runs a brick and mortar store and her credit card processing fee is around 4% and there is no instant settlement assurance. you can work out the rest yourself.
and yet she takes credit cards.
I'm sure you can work out why yourself.
Because banks are already doing it with card fees.
If Bitcoin fees end up being lower than existing card fees than its happening.
sure
they'll happily pay capital gains on $20 purchases 👍
great idea
Card fees + transaction fees on top of that
Many card processing services charge 2-4.9% per transaction + .30
1. Fiat currency loses value over time.
2. If you ask why not just receive fiat and exchange it for something else, it can be very cumbersome and annoying, leading one to think it’s better to just accept Bitcoin from the start.
3. Taxes.
everybody want to make it about credit cards vs LN apparently
Yikes, that's a lot of "vapor wear"
Fiat enables (relatively) stable prices.
