90% of ETH, Tron, Solana Stablecoin Transactions Are ‘Inorgranic'

[Faisal2202]

As for other fiat service and stablecoin, i would guess it's because probably Visa know some users only care about make payment or sending fiat (or it's equivalent) to another user at low fee or high convenience. Other fiat service might offer lower fee, while stablecoin on altcoin network have very low TX fee.

I am still a little bit confused with the fee and convenience factor, as the dashboard is only giving the stats about overall volume, or is it? Like the comparison of fees as well. Well, users definitely prefer lower fees and high convenience, they tend to easiness. They will adopt it and leave the other. I thought they made this dashboard to show people and users that they have got more volume, they are being used mostly than other platforms.

Speaking of the tx fee, I think it's not the only factor that's been considered by users, as alts needed to be integrated as payment methods in their sites, or platforms where the customers want, and it's a little hard, while implementation of Visa is more easier and many users considered it because there are fewer people using crypto and more people using fiat. Overall, this fee thing did not make sense to me, if you could please shed more light on it.

[ABCbits]

As for other fiat service and stablecoin, i would guess it's because probably Visa know some users only care about make payment or sending fiat (or it's equivalent) to another user at low fee or high convenience. Other fiat service might offer lower fee, while stablecoin on altcoin network have very low TX fee.

I am still a little bit confused with the fee and convenience factor, as the dashboard is only giving the stats about overall volume, or is it? Like the comparison of fees as well. Well, users definitely prefer lower fees and high convenience, they tend to easiness. They will adopt it and leave the other. I thought they made this dashboard to show people and users that they have got more volume, they are being used mostly than other platforms.

My post which quoted by you actually is response for question "... so why they are comparing themselves with Fiat or Bitcoin?".

Speaking of the tx fee, I think it's not the only factor that's been considered by users, as alts needed to be integrated as payment methods in their sites, or platforms where the customers want, and it's a little hard, while implementation of Visa is more easier and many users considered it because there are fewer people using crypto and more people using fiat. Overall, this fee thing did not make sense to me, if you could please shed more light on it.

You're right. But i also speculate that more places or people will accept stablecoin in the future.

[libert19]

I am willing to bet visa crypto cards see more real-life activity than any of those stable coins, in chasing and buying stuff.

Of course, who would like to pay the extra fee attached to stable coin transfers when the payment can be made for free using the card? And if you use Ethereum, then transaction cost might even surpass your cart value, lol.

[ABCbits]

I am willing to bet visa crypto cards see more real-life activity than any of those stable coins, in chasing and buying stuff.

Of course, who would like to pay the extra fee attached to stable coin transfers when the payment can be made for free using the card? And if you use Ethereum, then transaction cost might even surpass your cart value, lol.

While i agree Visa is more frequently used for real-life activity, using Visa isn't free. Usually there's monthly fee imposed by bank which issue your card. The merchant sometimes pay few percentage fee if you pay them using card, where they increase their goods/services cost to overcome it.

[Stompix]

While i agree Visa is more frequently used for real-life activity, using Visa isn't free. Usually there's monthly fee imposed by bank which issue your card. The merchant sometimes pay few percentage fee if you pay them using card, where they increase their goods/services cost to overcome it.

Most cards here in Europe have zero-fee card maintenance and issuance, the banks usually might charge a fee for the account and app but in most cases if you're with them for the wage or mortgage that comes free too. As for the percentages, the PoS from ING is lent for only 0.4% fees on the sales, including banking and tech support, at 10sat/vb you would need to sell only over $400 to compete with them because you need to factor also the cost of you suing those inputs.

LN would be the only one coming close, but then you would have the initial cost of opening one and funding it, so still a tight race.

[ABCbits]

While i agree Visa is more frequently used for real-life activity, using Visa isn't free. Usually there's monthly fee imposed by bank which issue your card. The merchant sometimes pay few percentage fee if you pay them using card, where they increase their goods/services cost to overcome it.

Most cards here in Europe have zero-fee card maintenance and issuance, the banks usually might charge a fee for the account and app but in most cases if you're with them for the wage or mortgage that comes free too. As for the percentages, the PoS from ING is lent for only 0.4% fees on the sales, including banking and tech support, at 10sat/vb you would need to sell only over $400 to compete with them because you need to factor also the cost of you suing those inputs.

LN would be the only one coming close, but then you would have the initial cost of opening one and funding it, so still a tight race.

I just did quick search and it seems what you said is accurate, so it looks like the condition is different compared on other developed country (such as US). In that case, LN and stablecoin (on network with very lower TX fee) doesn't seems to offer much advantage.

[libert19]

I am willing to bet visa crypto cards see more real-life activity than any of those stable coins, in chasing and buying stuff.

Of course, who would like to pay the extra fee attached to stable coin transfers when the payment can be made for free using the card? And if you use Ethereum, then transaction cost might even surpass your cart value, lol.

While i agree Visa is more frequently used for real-life activity, using Visa isn't free. Usually there's monthly fee imposed by bank which issue your card. The merchant sometimes pay few percentage fee if you pay them using card, where they increase their goods/services cost to overcome it.

Ok you are right, my Indian bank issued visa card has about 3$ yearly fee but have never paid dime as a fee for making payments with it. They also have perks included such as airport lounge accesses and cashback on purchases, so I recoup more than the fee asked, at least in domestic sense, while using it internationally, the convenience of using card anywhere in the world is there but forex conversion fee may make it somewhat expensive and crypto may possibly be better alternative in international usage.