It costs the consumer to buy BTC and the merchant usually offers no discounts.
Wow I have to say this is a all time low for the intelligence of someone in bitcoin You sir have made my Number 1 position in the stupidest posts on BTT.
First credit cards in absolutely NO WAY pay the consumer EVER. It costs the cr5edit card holder interest every single month, and there are 2 kinds of interest on the card. ( I bet a lot of people dont know that)
Secondly it costs the business who uses the credit card 1.5% to 2% of each transaction to even accept the use of that creditcard in thier establishment. They call this yet another transaction fee.
Now it costs nothing more to use bitcoins but tell me sir, what happens when you buy 1 BTC for a transaction, then find out you dont want to make the purchase yet and next week you go to make the purchase BUT WAIT you paid 200 bucks for the bitcoin last week and now its worth 280 bucks. How much did you lose now? Oh you didnt you actually made a huge profit by using bitcoins for the purchase didnt you?
Small points
- Credit cards sometime give rewards based on usage. So although they cost the merchant money, they might have some small benefit for the consumer. Very few merchants give discounts on BTC payment.
- With volatile BTC prices, the argument about gains due to BTC increasing in value may not hold good.
