kaal:claim:3411897-019

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.

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.

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

Wulf A. Kaal, Decentralization - Past, Present, and Future (2019). SSRN: https://ssrn.com/abstract=3411897

• centralized payment systems requiring bank or processor intermediaries

failuresupport: arguedfailure: fee-driven-exclusionfamily: inequality-and-access-divideeconomicsrisk-and-incentives

• restates kaal:claim:3406323-015 The high intermediary fees of centralized fiat payment systems make those systems economically viable only at ...
• restated_by kaal:claim:3808867-037 High intermediary fees in legacy payment systems make transacting economically viable only at higher transacti...
• extends kaal:claim:3128900-040 Payment intermediary fees such as Paypal's are viable only for higher volume workers who can eventually avoid ...
• generalizes kaal:claim:5095633-026 High transaction costs in centralized payment systems make micro-payments for small tasks uneconomic, whereas ...
• 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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