Not exact matches
Unfortunately, when it comes to remittances, the poorer the country, the
higher the
fees, says the CEO of Cashaa, a blockchain
startup based in Canary Wharf, London.
High transaction
fees and long confirmation times from the Blockchain will make it difficult to replace cash with the cryptocurrency, said Claasen, while speaking at a
Startup Grind Cape Town event last Thursday.
However, the
high fees involved are making them an unattractive option for customers, who are now opting for blockchain
startups like SureRemit that enable cheap international remittances.
The pseudonymous blogger WhalePanda went so far as to blame bitcoin's transaction backlogs and
high fees on the Silicon Valley
startup's «incompetence.»
The
startup's move to go public after over a decade in the business is also significant in the context of the manner in which intends to do so, with recent reports suggesting it's pursuing a direct listing without an underwriter which is a risky move that simultaneously avoids
high fees usually associated with IPOs but also lacks protections against the company's stock crumbling should the public sentiment regarding its prospects suddenly become negative.
Most credit cards, banks and payment processors that work with the sex industry require
higher fees than they would for other online businesses or tech
startups.
Known as the Eclair Wallet, the app was released on April 4, 2018, via French technology
startup ACINQ, and is being offered specifically to Android users.Devices employing software version 5.0 or
higher can send Lightning payments, which require significantly lower
fees than the standard Bitcoin network.
Unfortunately, when it comes to remittances, the poorer the country, the
higher the
fees, says the CEO of Cashaa, a blockchain
startup based in Canary Wharf, London.