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by GaryRowe 4808 days ago
Low transaction costs translates directly into increased profit margin. Surely every business wants that?
1 comments

Businesses want low transaction costs, but most business face competition and the customer decides the transaction medium. For instance, my company accepts paypal, not because I like it but rather my customers do.

Of course a company with monopoly power could force adoption. For instance Bitcoin would take off if your utility companies only accepted bitcoins, but I don't think that is likely.