Visa, Mastercard Plan To Increase Transaction Fees; Cryptocurrencies Don't – Bitcoinist.com

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The People Are Revolting

Or at least the people should be revolting. We are all being overcharged thanks to the hegemony of the big two payment processors.

But there are alternatives… and they scare the crap out of Visa and Mastercard. That’s why, despite a widespread denial in financial circles that Bitcoin is anything like cash, they both charge cash-advance fees for bitcoin purchases.

And now that Visa and Mastercard are throwing their weight into political arguments, we should be demanding that our favored merchants accept cryptocurrency payments. After all, if accepting card payments increase overall sales then accepting bitcoin opens up a whole new market.

And all efforts are going towards reducing fees for bitcoin and crypto transactions.

Bottom line – We would all be better off using bitcoin.

Can cryptocurrencies capitalize on Visa and Mastercard raising their fees? Share your thoughts below!


Images courtesy of Shutterstock 

The post Visa, Mastercard Plan To Increase Transaction Fees; Cryptocurrencies Don’t appeared first on Bitcoinist.com.

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