Bitcoin Forum
June 23, 2017, 08:54:40 AM *
News: Latest stable version of Bitcoin Core: 0.14.2  [Torrent].
   Home   Help Search Donate Login Register  
Pages: [1]
Author Topic: A web user comments about Bitcoin on's article about Visa/MC fees.  (Read 667 times)
Offline Offline

Activity: 84

View Profile
June 29, 2011, 09:11:15 PM

A positive Bitcoin comment by a web user in this article:

Click on show comments.

Disclaimer:  Postings of Cloud9 are only individual views of opinion and/or musings and/or hypothesisses.  On a non-authoritative, peer-to-peer public forum, you do not need permission from Cloud9 to derive your own conclusions or opinions, so please do.  Calculations and assumptions to be verified.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
Hero Member
Offline Offline

Posts: 1498208080

View Profile Personal Message (Offline)

Reply with quote  #2

Report to moderator
Hero Member
Offline Offline

Activity: 574

Posts: 69

View Profile WWW
June 29, 2011, 09:19:00 PM

The comment, made by forum user BTCVC

Quote from: BTCVC
For years we have relied on Visa and Mastercard and have consistently bent to their will so that we could use their service. Merchants and Consumers alike understand that for years, these transaction fees have been a necessary part of doing business. No more! There are now virtual online commodities like Bitcoin that allow feeless or near-feeless transactions. As Bitcoin continues to take off, it will no doubt be attacked by these payment processors, angry because they are being cut out of their share.

Visa and Mastercard need to embrace online transferable commodities or go the way of the Travel Agent. If people want to use them because of “convenience” or “status” that’s fine, but there are perfectly suitable, free alternatives available.

The usurper of the Travel Agent’s job has been sites like travelocity, expedia, and orbitz.

There are many online transaction services stepping in to wrangle control away from the big guys, it is just a matter of time before one of them is successful.

Simplifies a lot of things, but I bet it is true.

Pages: [1]
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!