[heisenbergs]

Is this in any way related to neighbouring nations with inflation issues (Venezuela, Argentina) being a target market?! Also curious how variable transaction costs are taken care of?! these weren't insignificant in the single US dollar range during the last crypto high when bitcoin was around $20k. does the payer or buyer shoulder them?

[hellodetroit]

Most likely not. Cielo has been struggling with the recent increase in competition for payment services in Brazil, and is probably just trying to stay ahead of the curve.

[BubRoss]

If the people who took over bitcoin are still running around trying to keep the block size at 1 MB every 10 minutes, transactions costs are going to be a problem during any real usage.

[danillonunes]

> Also curious how variable transaction costs are taken care of?!

The article says users will need an account with Uzzo or Criptohub, Cielo’s network partners.

So I guess they aren’t doing a actual bitcoin transaction for each payment. You have to send your bitcoins to your exchange account first and then it controls your balance internally without having to interact with the public blockchain. You, the payer (Criptohub account owner), probably pay for the fees when you transfer your bitcoins to your exchange account.

[SPascareli13]

Can you explain what "variable transaction cost" is?