How about the fact that the banking system charges huge fees for the use of their networks and technology? Do you mind paying 4% more for all your purchases because the retailer has to take credit card fees into account? Do you mind paying $15 to send money to relatives overseas? Every time you want to transfer money from one place to another, it costs you way way way more than it actually costs because of marketing and profits.
This is disruptive technology. Credit card companies and international money transfer companies are panicking right now.
This is disruptive technology. Credit card companies and international money transfer companies are panicking right now.