The current system to exchange FIAT for altcoins is inconvenient for everyone (commissions), which is in contradiction with the motto of cryptocurrency; to remove the need of a middleman. Which brings me to why I sympathize with 47B ICO.
That is a good point made, it certainly is a problem the hassle of converting FIAT for altcoins with numerous amount's of fees from pretty much every exchange, removing the middle man will certainly be appetizing and ensure fees are kept to a minimum
Yea. Very true. The less fee traders have to pay the better life will be. I just hope this can be archived
I definitely agree 100%, we all want fees to be cheaper and the more wealth that gets transferred into crypto the more competitors will challenge Coinbase and this healthy competition will hopefully bring down fees and make terms fairer for investors.
I think its great that 47 Bank are even offering the option to buy tokens with fiat currencies and yes theres a 10% fee but what do you expect? It probably costs the same to buy ETH/BTC and send it in, I think people complain too much.