How Can Euro Parliament Decision to Cap Credit and Debit Card Transactions’ Fees Impact Bitcoin?

By March 13, 2015Bitcoin Business

It is incredible to see how European lawmakers have coherently proposed a law that caps fees shoppers and retailers pay to process credit and debit card transactions. For credit cards payments made across Europe, this cap will be 0.3 percent of the transaction value, while for debit cards, it will be 0.2 percent.

The decision is expected to benefit British retailers by a whopping £480 million a year; and therefore would indirectly save customers from […]

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