Visa, Mastercard and some North American banks agree to pay an amount of 6.2 billion dollars to merchants. According to the tweet of Kevin Rooke, @kerooke on Twitter, this payment is a kind of return to merchants over fees when they accept credit card payments.
Visa, Mastercard, and a few U.S. banks just agreed to pay $6.2 billion to merchants over the fees they must pay when accepting credit card payments.
Merchants desperately want a less expensive way to accept payments.
That's what crypto is for. pic.twitter.com/WFcKQmMxZX
— Kevin Rooke (@kerooke) September 18, 2018
Cryptoenthusiast Kevin says that our society desperately asks for more friendly and less expensive payment alternatives, that’s what crypto exists for – kevin says.
Although there is still some resistance in the adoption of this technology (Cryptocurrencies), the space remains firmly on the way to something more attractive to both merchants and customers.