The main reason is the gas fee. ETH is almost always above $10/transaction. Same goes for bitcoin. Satoshi is cheaper with about $0.60 for 100 000 sats ($40)
And all these are just with the following transactions (per day) :
Ethereum (ETH) ~1.5 million Lightning network ~ 1 million Visa (alone) ~ 548 million
No one is ready to lose money on every transaction. Even $1. An average American does 170 transaction per year. Why using a technology where you will lose money?
How much gas fee are you ready to pay?
Imo. Crypto will be wildly accepted only if they find a way to refund the gas fee, or to get the gas fee price reduced from what you are buying or to remove it totally if you are next to the person you are sending to.
[link] [comments]
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments