Comment So where's the con? (Score 1) 8
Paypal claims "decreases the cost of transactions by up to 90% when compared to credit card processing" ("Comparison of Pay with Crypto transaction rate and direct credit card processing fees for international sales including currency conversion fees by leading payment processor")
Given the relatively high costs of doing 'crypto' transactions(I think I've seen some of the ones that are most aggressive about trying to be actually usable to transact rather than just hoard claiming to be roughly on par with conventional transaction costs, more computationally expensive but less conventional org overhead; most significantly worse); does the alleged 90% savings just mean that they are counting cost of the transaction from when they receive the coins, not the gas fees that got them there; or picking a particularly grievously overpriced provider of credit card linked currency exchange?
Given the relatively high costs of doing 'crypto' transactions(I think I've seen some of the ones that are most aggressive about trying to be actually usable to transact rather than just hoard claiming to be roughly on par with conventional transaction costs, more computationally expensive but less conventional org overhead; most significantly worse); does the alleged 90% savings just mean that they are counting cost of the transaction from when they receive the coins, not the gas fees that got them there; or picking a particularly grievously overpriced provider of credit card linked currency exchange?