Think interchange in US is around 2% and wire fees can be in tens of dollars.
Right now a reasonable Bitcoin fee would be around 30 sats / byte or 6000 sats / transaction, which is around 50 cents USD. Average transaction fee is less than this right now.
But this is well-trodden ground.
I agree with you in principle, you need to pay for trust somewhere, but a loosely regulated banking sector and cartel of card networks isn’t giving us an ideal outcome, and a decentralized system may be better.
A point in your favor, I’ve been much happier with payments since moving out of the US and into the Eurozone.
Right now a reasonable Bitcoin fee would be around 30 sats / byte or 6000 sats / transaction, which is around 50 cents USD. Average transaction fee is less than this right now.
But this is well-trodden ground.
I agree with you in principle, you need to pay for trust somewhere, but a loosely regulated banking sector and cartel of card networks isn’t giving us an ideal outcome, and a decentralized system may be better.
A point in your favor, I’ve been much happier with payments since moving out of the US and into the Eurozone.