Quote:
Originally Posted by L-Pink
bitpay, Bad news huh bro?  |
We can provide a better service than MasterCard can, for 1/3 the price they charge. So I'm not worried, we can easily win in the long run.
Bitcoin is like VOIP, the efficiences of using it are great. Someone trying to protect their high-margin business model will eventually be overtaken by a more efficient competitor. Who uses long distance companies anymore? It's all VOIP. Bitcoin will do the same thing.
[EDIT] just to clarify what I mean by "better service" : We can accept a payment from anywhere on the planet, instantly, with zero risk of fraud or chargebacks, for 1/3 the price of accepting a credit card.