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clemensley | 5 years ago

Where the legal money use case really shines is in micro transactions. If the amount you want to send is really low it makes a difference if your fee is 30 cents on paypal vs a fraction of a cent with bch, bsv, or ltc. The problem is that it is very hard to monetize apps with micropayments: you need a massive user base because you only earn a fraction of each micropayment. It is hard to convince a massive user base to go through the hassle of obtaining Bitcoin.

I do not want to discourage the use of Bitcoin for that, I think there will be awesome businesses built on micropayments and payments in general. I just want to point out that there is an opportunity to use Bitcoin to make application development faster and cheaper.

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