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Low transaction costs translates directly into increased profit margin. Surely every business wants that?
by GaryRowe 13y ago
Low transaction costs translates directly into increased profit margin. Surely every business wants that?
- jcampbell1 13y agoBusinesses want low transaction costs, but most business face competition and the customer decides the transaction medium. For instance, my company accepts paypal, not because I like it but rather my customers do. Of course a company with monopoly power could force adoption. For instance Bitcoin would take off if your utility companies only accepted bitcoins, but I don't think that is likely.