If I hand a cashier a physical dollar, no fee to me.
Not so with your so-called digital dollars.
An actual digital dollar would have no transaction fee whatsoever.
Not so with your so-called digital dollars.
An actual digital dollar would have no transaction fee whatsoever.
So, something BTC is unable to provide?
The credit card terminal agreements signed by retailers prevent the retailer from offering differential pricing when buying via credit card or cash. Essentially, the credit card fee is embedded into the price.
This might be "good" for people who have credit cards, but it is inflationary (by roughly 2%) to people whose credit is poor and only transact by cash.
But let's be honest -- who cares about the poor?
The CC network charge vendors a percentage of the transaction. So you aren't paying directly, but we're all paying.