Sentences with phrase «lower than fiat currency»
Not only is cryptocurrency harder to launder at scale, but its prevalence is significantly lower than fiat currency.
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As there are not many arguments why Bitcoin is a better store of value or unit of account than fiat currencies like euros or dollars, it is obvious that as a method of payment Bitcoin is superior to fiat currencies, due to lower costs, nearly perfect divisibility and social inclusion to name but a few.
Furthermore, with a stable cryptocurrency you can have remittance, ATMs, currency conversions and many more financial services with lower fees than fiat currencies, so there is still a long road ahead.