"transaction fees are at least an order of magnitude higher than Visa"
Transaction fee on bitcoin presently is an average of 60c [1]. Visa is around 2% + 0.10. Thus for transfers over about 25 USD, bitcoin (presently) is cheaper. And that's not considering terminal fees, payment gateway fees, annual fees, monthly fees, early termination fees, statement fees and so on.
Transaction fee on bitcoin presently is an average of 60c [1]. Visa is around 2% + 0.10. Thus for transfers over about 25 USD, bitcoin (presently) is cheaper. And that's not considering terminal fees, payment gateway fees, annual fees, monthly fees, early termination fees, statement fees and so on.
[1] https://bitinfocharts.com/comparison/bitcoin-transactionfees...