Personal accounts on PayPal and consumer and business profiles on Venmo will pay 1.75% of the transfer amount with a minimum fee of 25 cents and a maximum fee of $25 Blockchains are entered into the payment system (like SolanaPay ,Binance Pay). This news further accelerate the blockchain payment usage by small businesses. Today Stripe joined the crypto payout (USDC) on polygon. Crypto payout is the biggest alternative to traditional bank.
Standard bank transfers are still free. Blockchain insanity has no security, is expensive, and is an ecological nightmare.
Who said PoS transfers are expensive,it’s instant and cheaper ,security is improving gradually.
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Why not have the gov build a system like Indias UPI , which has 0% fees. Crypto is literally one of the worst in terms of energy efficiency ways to do transfers through distributed consensus
Most chains already into PoS which reduces 99% energy consumption. Solana Pay/Binance Pay are PoS chains.
PoS on a Distributed Computing System is still expensive and security is another nightmare, immutibility goes both ways. Please don't hype crypto up for something it's not supposed to be