kaal:claim:3406323-015

The high intermediary fees of centralized fiat payment systems make those systems economically viable only at higher transaction volumes, which creates barriers to entry that decentralized payment systems do not face.

The fees make it only economically viable for higher volumes of transactions, creating barriers to entry in the process.

Wulf A. Kaal, Decentralization - A Primer on the New Economy (2019), IV. Opportunities, p. 10
https://ssrn.com/abstract=3406323 · source PDF

Wulf A. Kaal, Decentralization - A Primer on the New Economy (2019). SSRN: https://ssrn.com/abstract=3406323

• centralized fiat payment rails intermediated by banks and services such as PayPal

failuresupport: arguedfailure: fee-driven-barriers-to-entryfamily: inequality-and-access-dividerisk-and-incentives

• restated_by kaal:claim:3411897-019 Intermediary fees in centralized fiat payment systems make those systems economically viable only at higher tr...
• restated_by kaal:claim:3808867-037 High intermediary fees in legacy payment systems make transacting economically viable only at higher transacti...
• generalizes kaal:claim:4734750-039 Intermediary payment fees on centralized micro task platforms are economically viable only for high volume wor...

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