I really wanted to use bitrefill way more so I could get rid of credit and debit cards for good. Problem is that bitrefill is using a very pricy rate to sell its giftcards!
For example: todays btc price here in brazil is 124.239brl/btc, then 50 brl should cost 40245 satoshis, If i choose bitrefill to get those 50 brl through its giftcards then it shows that 50brl costs 48999 sats.. Thats 21% cut.
I really enjoy the tech, but 21% is just outrageous for me, bitrefill should rethink their cut!
What is your experience out there?
3. and this is the most likely in long term: Merchants will try to cut the middleman, accepting BTC directly. That is what has happened in my country with banks, now payment processors (usually associated with stores like Walmart, Mercadolibre, etc) literally have become banks (setting up checking accounts in 5 minutes), driving account monthly fees to literally zero, taking over the checking accounts market. The same to some extent has happened to the credit market, where regular banks have also lost share, but with much fiery legal battle.