Digital currencies are fundamentally changing the way we think about money and banking. The rapid rise of cryptocurrencies like Bitcoin, along with the
And many cryptocurrencies have much lower fees. For example, Monero fees tend to be <$0.01, though they can be as high as $1, which is way lower than Bitcoin. Here’s a source for Monero transaction fees. And that absolutely tracks for Monero since it’s entire purpose is to replicate cash transactions as much as possible.
Credit card fees can actually get quite large as well, they’re just hidden from the consumer, and we all pay a higher price because of it.
E.g stripe is 2.9% + $0.30
Even BTC with its current high (not peak high fees) fees is cheaper than CC’s when you start getting into a few hundred dollars purchase.
And many cryptocurrencies have much lower fees. For example, Monero fees tend to be <$0.01, though they can be as high as $1, which is way lower than Bitcoin. Here’s a source for Monero transaction fees. And that absolutely tracks for Monero since it’s entire purpose is to replicate cash transactions as much as possible.