RE: Bitmain Holding 1 Million Bitcoin Cash! Vitalik Buterin Wants To Spend BCH & Challenging Charlie Lee To Debate...

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Bitmain Holding 1 Million Bitcoin Cash! Vitalik Buterin Wants To Spend BCH & Challenging Charlie Lee To Debate...

in cryptocurrency •  6 years ago 

Do you think fees would be cheaper with Bitpay than VISA/Mastercard? I think you need an economic incentive for normie shops to adopt BCH.

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6 years ago by

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      ·  6 years ago 

    The fees are zero apart from the network fee, 1 sat. After you reach a certain volume you need to register as a business acc which is 1% fee + network fee 1 sat. Visa/Mastercard are something like 1 - 3% + hardware rental + payment gateway + support contract.

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        ·  6 years ago 

      Interesting. Integration with accounting, taxes etc is evidently not there yet, but it might be worth doing as an experiment. I'd love to hear stories about how the 0-conf system works in practice for a retail store.

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