Many think of bitcoin as an investment and rightly so, it has grown from being
worth fractions of a penny to being worth hundreds of dollars in a few short years.
CoinMarketCap, which tracks cryptocurrency prices, lists more than 1,000 different types of digital money, most of which are
worth fractions of a penny and lack the market demand to last.
Not exact matches
If the cost
of transaction processing is a significant
fraction of the transaction value, then that's bad, so bitcoin really only makes sense for transactions
worth more than a few
pennies (and most people define micropayments as sub-penny).
That's because the points will essentially be
worth just
fractions of a
penny each when you redeem this way.
Someone will call us often and say that they have settled their claim for
pennies on the dollar, often for a tiny
fraction of what we quickly estimate their auto injury accident claim is
worth in pain and suffering compensation.