I prefer Bitcoin to fiat. What's your preference?
About Fiat:
- Control You don’t control your money Freezing your account or just withholding your funds.
- Complicated structures and regulations Merchants spend a lot of money to comply with all the regulations set by central authorities.
- High transaction fees Credit card companies and online wallets, charge 1% to 3%
- Payment limits Most cards have a payment limit per day or per month.
- Chargeback Charge-back basically allows the consumer to dispute the payment, even if everything went by the book.
- Country restrictions How can you grow your business if you reject some of your clients? Or you need to set up multiple payment gateways for different geographical regions?
Bitcoin:
- Cheap The average price of transactions via Lightning Network is just a few cents. Even if you send 1 million.
- Fast Transactions via Lightning Network take only few seconds.
- Secure Only you have access to your funds. You become your own bank.
- Easy There’s no bureaucracy, you can start accepting Bitcoin payments right away and set up everything in within a few minutes.
And most importantly:
- Decentralized Everyone from any part of the world can send money to anyone they want without the intervention of any middleman.
Bitcoin is the definition of financial freedom.
I prefer Bitcoin to fiat. What's your preference?
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