[resf]

Centralized payment networks will always be cheaper to administer than blockchains.

The only reason that Visa and Mastercard have such high fees is because it's a duopoly.

[vkou]

The only other reason they have such high fees is because those fees pay for dealing with fraud.

Bitcoin makes the user deal with fraud, with predictable results.

[QML]

Harder to get access to a centralized payment network though, right?