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
I also use other payment methods, and I also use BTC. The fees I pay in BTC doesn’t bother me much. It’s just like the last transaction I did using Bitcoin as of this week, around $200 and the fees was very small, I think I paid $0.22 or so. The transaction came from abroad and I then had to move it to an exchange and that’s the only fee I paid to sell it and then withdraw the money to my bank, I got $199.
Bitcoin is good in some ways, it all depends what you’re doing with it. When I am shopping online I make use of virtual cards. Everything has ways they are useful, just use them the right way, you can’t be using Bitcoin for everything.