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PayPal’s Latest Transaction Fees Might Push People to Cryptocurrencies
"In its latest policy update, PayPal outlined a new transaction fee model for customers that would involve flat fees that are higher than those of most cryptocurrencies."
Read more: cryptovest.com
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The transaction cost for Paypal before this was unreasonable already.
Now even worst
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Paypal is one of the companies that is positioned to be disrupted by distributed trustless systems. The only product that Paypal sells is trust by being the arbitor of identity in the payment process. As soon as there is a cryptocurrency that integrates with commerce in the same way that Paypal does, I can't think of a reason to use it. I'm not trying to bash them and I have used them for many years, but I don't see that they business model has a value proposition once I can pay or receive payment in crypto. Am I missing something?
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Anyone to take me through on Ethereum here please....?
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