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[-] Azzu@lemm.ee 19 points 11 months ago

Honestly there should be governmental electronic cash with the same advantages as cash, i.e. no fees & no traceability.

[-] ASeriesOfPoorChoices@lemmy.world 2 points 11 months ago

there are very easy free bank accounts to open.

Traceability is the tricky part.

[-] Azzu@lemm.ee 1 points 11 months ago

The cost of a bank account has nothing to do with fees for electronic cash. Fees for electronic cash are collected per each transaction and are paid by the business you buy from. These huge fees are why businesses are slow to adopt electronic cash in Germany, they see no reason to pay 1%+ of their revenue to Mastercard or Visa or whatever.

[-] ASeriesOfPoorChoices@lemmy.world -1 points 11 months ago

You... are not an adult, are you?

Mastercard and VISA are not banks and don't offer bank accounts.

Bank accounts are free. Transfers to and between banks are free.

That 1% fee you're talking about is a processing fee from the credit card companies, which are separate financial institutions acting as middlemen to the banks.

There is no need to use their services. You can just transfer bank to bank for free, with free bank accounts. No MasterCard or VISA involved at all.

[-] Azzu@lemm.ee 0 points 11 months ago* (last edited 11 months ago)

You... do not know what thread I was replying to, do you?

What is being talked about is high fees associated with each transaction done with electronic cash. Please read the comment I directly responded to again: https://lemm.ee/comment/6705330

It is necessary to use their services (or at least some other entity collecting fees) when you pay without cash in a store. You can't go to a store and pay with direct bank transfer.

[-] ASeriesOfPoorChoices@lemmy.world 1 points 11 months ago

Also, PS: this comment I wrote a while back: https://lemmy.world/comment/5658808

[-] TWeaK@lemm.ee 0 points 11 months ago

I dunno, there are good arguments for traceability. Bitcoin has complete traceability, up to its endpoints.

this post was submitted on 28 Nov 2023
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