[aianus]

Visa may well spend only $0.10 on a $1000 transaction but given that the total cost to me is $30 (either directly, in the case of a foreign ATM withdrawal, or indirectly through merchant fees), there are many use cases where crypto is currently more economical from the consumer's point of view.

If banks and payment processors were more competent (like maybe processing transactions on Sunday) and less greedy, crypto would be a lot more useless.

[mrep]

Most of those merchant fees are passed backed to the consumer through credit card incentive programs.

Granted, Visa still makes a nice 33% profit margin but they also offer tons of other benefits which cryptocurrencies provide none of.