Could Bitcoin Replace Credit Cards?

in #credit6 years ago

“From a merchant perspective, Bitcoin has the advantage of not having large fees from credit card companies that cut into profits,” writes Ian DeMartino,...

Good article about the advantages of using crypto like bitcoin instead of credit cards. As a small merchant, I can tell you that the fees are high with credit cards, around 3%-4%. And the worst part is if a customer disputes a charge, it is definitely on the merchant to prove the transaction was legit, which takes a lot of time. I promise you the credit card companies treat the customer a lot better then the merchant. I'd love to be using bitcoin right now instead of credit cards!

Read the full story here...
https://www.forbes.com/sites/panosmourdoukoutas/2018/08/26/bitcoin-could-replace-credit-cards/#3ab80e4a1e4e

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Bitcoin still hanging above $6700 right now

good informative post. thanks for sharing.

Thanks, you are very welcome. :)

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