Timeline for Blockchain vs. Banks: which one has more affordable transaction fees?
Current License: CC BY-SA 4.0
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| Aug 10, 2018 at 20:27 | comment | added | JBaczuk | Yeah if that's the case, and you don't use LN. Purchaser doesn't pay the fees directly, but the merchant can charge the customer less if they pay in bitcoin, for example. But, the merchant would also have to factor in the cost of transferring that to fiat if that's required. | |
| Aug 10, 2018 at 20:23 | comment | added | RedGrittyBrick | If fees for debit card transactions are capped at 0.2% in the EU, does that mean that debit cards in the EU are cheaper than Bitcoin for any transaction under $375? Unlike bitcoin, the purchaser doesn't pay any transaction fee when purchasing using a debit-card (you can argue that indirectly they do but often retailers cannot charge cash purchasers a different price so this is rather moot). | |
| Aug 10, 2018 at 13:11 | history | edited | JBaczuk | CC BY-SA 4.0 |
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| Aug 9, 2018 at 19:36 | vote | accept | Questioner | ||
| Aug 9, 2018 at 15:51 | history | edited | JBaczuk | CC BY-SA 4.0 |
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| Aug 9, 2018 at 15:45 | history | edited | JBaczuk | CC BY-SA 4.0 |
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| Aug 9, 2018 at 14:57 | history | answered | JBaczuk | CC BY-SA 4.0 |