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RE: The Beginning of the End for Credit Card Companies? [business][money][news]
From the beginning, credit cards offered significant advantages over all forms of money: They’re pocket size, easily portable, relatively secure and have no intrinsic value in themselves. What’s more, true credit cards buy you time to pay your bill, typically with a modest fee attached. It would be effective for the people using credit cards from many time.
Zohaib336 BUT they charge the merchant around a 3% fee, which typically merchants then pass that fee on to the consumer, even if you pay cash.
And then, many of those credit cards charge the consumer like 18% annually or more when they don't pay the bill in 30 days, which keeps many people in debt in a never ending revolving door of debt.
Cryptocurrencies can help eliminate some of these problems.
I think it should be take serious to solve thus issue. I am sure administration will think seriously about it.
I think charges for credit card holder should be reduced.if crypto currency provides more benefits than it should come.because we all,want to live easy life.