I can't see how that is the point, I honestly don't understand what cryptocurrency provides there at all. I've seen nothing about it that suggests it has some kind of novel solution to fraud prevention; no chargebacks just means the customer now has no recourse from a fraudulent vendor, so you've pushed the cost of fraud all onto them. It's also possible to get no fees for micropayments and no currency conversion fees with a more traditional virtual currency, crypto only adds costs on top of that.
>Raiden released today a new version of their client, so you can have decentralized transfers for virtually free
It seems like an interesting way to do peer-to-peer lending, that is not specific to cryptocurrency. I would be interested to see the same algorithm deployed on a credit card network to see if the fees can be reduced even farther.
>Raiden released today a new version of their client, so you can have decentralized transfers for virtually free
I've read some of their blog series: https://medium.com/raiden-network/raiden-protocol-explained-...
It seems like an interesting way to do peer-to-peer lending, that is not specific to cryptocurrency. I would be interested to see the same algorithm deployed on a credit card network to see if the fees can be reduced even farther.