The median fee rate for transfers over the Lightning Network is anywhere from 60,000% to 140,000% more efficient than what is currently being charged by legacy credit card processors.
0.003% median fee rate compared to 1.5% to 3.5%.
Discussion
And, with #[2] , it is currency agnostic… taro too
Amazing⚡️
The Luddites want their tendiez
If I didn't have all my value in #bitcoin, I'd definitely sell the credit card companies short!! Along with all banks, and Western Union. 🤣
1% to 2% for a stupid transaction.
That is called "being eaten alive".
I’m going to bankrupt Visa
Warren buffet sold all his VISA & Mastercard stock.
And bought pro crypto stocks instead.
Even the biggest haters of crypto are leaving the dying fiat system and entering crypto directly or in-directly.
It’s still sadly going to take many years to disrupt how entrenched they are, still sipping everybody’s milkshake
Fiat bank reference ofc.
What about LN vs. legacy debit card network? ⚡️💳
Awesome to see you posting on Nostr.
That's right, it's faster than any transaction currently.