When I mention "high gas fees," I'm referring to fees that surpass the current charges imposed by Visa and Mastercard. After all, decentralized finance (DeFi) aims to compete in this space. Is it reasonable to anticipate that individuals investing thousands of dollars should be content with paying tens of dollars in gas fees for each transaction, especially during what we consider "busy" periods?
What do you think would be a solution to this not everyone would be able to keep up with this especially in everyday transactions?
Why would it be normal or acceptable for you to use that much money to use this? Of course you are free to not use it, but we also need to remember that all those cards charge the shop as well, you do not see it but they do.
Depending on the nation, there is a charge for it, and I am not talking about the tax, I mean the credit card, the ability to accept card payments costs the shops some money, in my nation it's 2% per transaction, could be different in some other nations. That means when you make a 1000 dollar payment, that is 20 dollars gone, and if ETH or any other coin charges less, that is profitable. Obviously for cheaper amounts, like sharing 100 dollars, cards are better, but when it grows higher? ETH is still cheaper.