Unlike Visa And Mastercard, Bitcoin Nor Cryptocurrencies Won’t Look To Increase Transaction Fees

It’s 2019 and major credit card companies Visa and Mastercard are already looking to increase their fees. The increase may impact interchange fees first, which applies to merchant payments to banks when they accept credit card transactions.

Thereafter, it may just be the case that processing payments will increase as well for consumers. The increases are poised to occur in April 2019.

The justification for the fee increases, as put forth by the credit card companies, are security measures against fraud and theft. This is questionable, since others believe that the fees are just ways to increase the companies’ already massive net incomes. For example, in Q4 of 2018, Visa’s net income increased from $2.85 billion by 33%. Mastercard experienced a similar increase.

On the other hand, cryptocurrencies don’t seem to be increasing their transaction fees. In fact, the space is trying to reduce fees.

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide