Intermediary fees in 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 impose.
Source quote, verbatim
The fees make it only economically viable for higher volumes of transactions, creating barriers to entry in the process. Decentralized payment systems are not subject to these limitations.
From
Wulf A. Kaal, Decentralization - Past, Present, and Future (2019), Part 2: The Present, The Brave New World of Decentralization, p. 29 https://ssrn.com/abstract=3411897 · source PDF
Cite as
Wulf A. Kaal, Decentralization - Past, Present, and Future (2019). SSRN: https://ssrn.com/abstract=3411897
Holds when
centralized payment systems requiring bank or processor intermediaries
restateskaal:claim:3406323-015 The high intermediary fees of centralized fiat payment systems make those systems economically viable only at ...
restated_bykaal:claim:3808867-037 High intermediary fees in legacy payment systems make transacting economically viable only at higher transacti...
extendskaal:claim:3128900-040 Payment intermediary fees such as Paypal's are viable only for higher volume workers who can eventually avoid ...
generalizeskaal:claim:5095633-026 High transaction costs in centralized payment systems make micro-payments for small tasks uneconomic, whereas ...
generalizeskaal:claim:4734750-039 Intermediary payment fees on centralized micro task platforms are economically viable only for high volume wor...
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