kaal:claim:3808867-037

High intermediary fees in legacy payment systems make transacting economically viable only at higher transaction volumes, thereby creating 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.

Wulf A. Kaal, How Decentralized Systems Can Upgrade AI (2021), V. Decentralized Commerce, p. 18
https://ssrn.com/abstract=3808867 · source PDF

Wulf A. Kaal, How Decentralized Systems Can Upgrade AI (2021). SSRN: https://ssrn.com/abstract=3808867

• centralized legacy fiat payment systems relying on banks and payment processors

failuresupport: arguedfailure: Fee driven barriers to entry in legacy paymentsfamily: inequality-and-access-dividerisk-and-incentivesdecentralization

• restates kaal:claim:3406323-015 The high intermediary fees of centralized fiat payment systems make those systems economically viable only at ...
• restates kaal:claim:3411897-019 Intermediary fees in centralized fiat payment systems make those systems economically viable only at higher tr...
• 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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