Visa Plans to Enable Bitcoin Payments at 70M Merchants
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Re: Visa Plans to Enable Bitcoin Payments at 70M Merchants
#2[deleted]
Re: Visa Plans to Enable Bitcoin Payments at 70M Merchants
#3Why? Nobody's going to spend the transaction fee, currently about $US16, to buy a coffee.
For big items maybe?
Re: Visa Plans to Enable Bitcoin Payments at 70M Merchants
#4Bitcoin transaction costs are very high so I’m assuming all these payment processor transactions will be off-chain. Do you think that having so many off-chain transactions that are essentially converting USD reduces the perceived value of BTC or raises it?
Re: Visa Plans to Enable Bitcoin Payments at 70M Merchants
#5What does this look like in practice? A "bitcoin debit card" tied to an exchange as your bank account?
Re: Visa Plans to Enable Bitcoin Payments at 70M Merchants
#6Why is everybody betting on bitcoin for payments when there are faster and more stable alternatives in the crypto space?
I’m thinking that this is more about a proof of concept to get into the space.
Re: Visa Plans to Enable Bitcoin Payments at 70M Merchants
#7Another layer 2 for BTC
Re: Visa Plans to Enable Bitcoin Payments at 70M Merchants
#8Bitcoin transaction costs are very high so I’m assuming all these payment processor transactions will be off-chain. Do you think that having so many off-chain transactions that are essentially converting USD reduces the perceived value of BTC or raises it?
Yes
Re: Visa Plans to Enable Bitcoin Payments at 70M Merchants
#9Why is everybody betting on bitcoin for payments when there are faster and more stable alternatives in the crypto space? I’m thinking that this is more about a proof of concept to get into the space.
Because they want to be at the bottom of the pyramid scheme and now that it's gained enough mainstream media attention it doesn't even cost ridicule.
Re: Visa Plans to Enable Bitcoin Payments at 70M Merchants
#10Why is everybody betting on bitcoin for payments when there are faster and more stable alternatives in the crypto space? I’m thinking that this is more about a proof of concept to get into the space.
1. FOMO
2. If everyone (read: the vocal but high profile minority) is talking about it, even though we don't understand it, there must be something to it. Everyone (read: the vocal but high profile minority) cannot be wrong.
3. There is no career downside of betting on this and it fails, since everyone else was betting on it.
4. There is a career downside to not betting on it and it is successful.