# kaal:claim:3808867-037

**Claim.** 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.

**Type.** failure  **Support.** argued

**Holds when.**

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

**Source quote.**

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

**From.** Wulf A. Kaal, *How Decentralized Systems Can Upgrade AI* (2021), V. Decentralized Commerce, page 18

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

**Verify.** sha256 of source PDF `eeccf6d0587bd278a96ce6ac8ec5003e26d161c245f6c94b4144d84f374802eb` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202021%20-%20How%20Decentralized%20Systems%20Can%20Upgrade%20AI.pdf

**Failure mode.** Fee driven barriers to entry in legacy payments  (family: inequality-and-access-divide)

**Topics.** risk-and-incentives, decentralization

**Keywords.** payment-systems, fees, barriers-to-entry, disintermediation

**Related claims.**

- restates: https://wulfkaal.github.io/claims/3406323-015
- restates: https://wulfkaal.github.io/claims/3411897-019
- generalizes: https://wulfkaal.github.io/claims/4734750-039

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.