According to some financial experts, Bitcoin transaction fees are lower. In addition, Bitcoin bypasses the unnecessary and expensive financial institutions within which credit cards depend. Therefore, experts believe that Bitcoin’s advantages will encourage merchants to replace credit cards with Bitcoin. Satoshi Nakamoto: Bitcoin Payments Are Similar to Cash Transactions High credit card fees continue to be borne by merchants and ultimately by consumers. Indeed, merchants pay billions of dollars to have issuers process card transactions.Read MoreThe post Bitcoin Could Make Credit Cards Obsolete appeared first on Bitcoinist.com.
