Credit Card Fees + Up up away

08/19/22 - Why Using Your Credit Card Is Getting More Expensive

Saving Merchants Money on Secure Purchase Technology. Zcash

Maybe this helps zcash promoters differentiate zcash technology when promoting your solution to merchants. Solving an expense problem in lots of markets.

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This has always been one of my arguments for digital currencies in general. Credit card companies are lax about security because they don’t pay for the consequences of doing it on the cheap -the customers do!

I remember a writer for Wired was saying that there was one problem with crypto: the currencies lack an ability to reverse charges when they get stolen. Fix that, he claimed, and everything would be great about crypto.

Uh, no: that is a feature, not a bug. Your transaction fees won’t be going up for charges that were waived by processors who were lax with their security.

It also puts more responsibility on users of digital currencies to be careful. DO NOT keep large amounts of currency in a mobile wallet. Developers need to make better options for secured dedicated, _functional_, and easy-to use devices for wallets where larger funds can be stored…

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Another weakness of the debit/credit card system is that anyone with your card info can spend your money and you have to give out your card info to use the system. Hence the giant “fraud prevention” bureaucracies inside credit card companies and banks, with their associated costs for the users.

With Zcash, you decide where you send your money. Vendors simply provide a way to receive it. Also, with the speed of Zcash transactions, chargeback fraud is very difficult.

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Frustrated with paying at EV charging station, customer Has 12 different apps to pay.

Focusing on a targeted growing point of sale. Secure Transaction Technology. Zcash

In each of our respected markets looking for problems to solve.