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I think the fact that we can now send thousands of dollars for less than $1 in fees is what will make crypto go mainstream eventually.

All Cryptocurrencies

by COINS NEWS 174 Views

There are a lot of features that give crypto an edge over fiat currency. There’s the fact that some cryptos have a limited supply just like Bitcoin. Other coins are untraceable like Monero and are great for privacy and DeFi is decentralized and safe from government interference.

But out of all features that will later prove crypto more superior than fiat, I think that low transfer fees is what will bring in new people initially and make crypto go mainstream.

The reason I’m saying this is cause I’m seeing it in my own eyes. I live in a country where a lot of young people live abroad and help their families out with extra cash end of month. Western Union here is HELLA EXPENSIVE so I’m seeing a lot of people who have never had any encounter with crypto before open a wallet and start using platforms like Binance and E-Money cause of the ultra low fees and fast transfers.

I’m not saying other features in crypto aren’t important. In fact I think limited supply and decentralization are much more important features. I’m just saying that low fees is what will most likely attract the largest number of people.

submitted by /u/Mandrake_m2
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