I don't understand , I live in india and here we can use UPI like google pay and phonepay to easily pay money within seconds and a touch and no extra cost or transaction fees is taken . But when i try to ay with bitcoin like 1000 ruppes i have to pay around 120 ruppes in fees to get the transaction done in 10minutes . So for a order of 1000 i have to pay 1120 ruppes and also wait for 10minutes for the transaction to be done .
So why is bitcoin or any other cryptocurrency more reliable or disruptive if it cant even help me in paying a simple small amount . Can somebody lease elaborate what i am missing here . Thanks in advance
The transaction fee varies too often and it depends on the network clog, currently more traffic which means increased in the transaction fee but few months back we had transaction fee only in few cents.
But you are using bank for transactions so it looks better for smaller transaction but you are going to face difficulties while spending in millions or in billions to someone.Its your money but still banks ask the reasons for the transaction, source of payment, blah blah....