What’s the difference between crypto and credit card payments? - Crypto in Plain English – Episode 22 - by cryptohunt.it
Crypto in Plain English - by cryptohunt.it27 Okt 2021

What’s the difference between crypto and credit card payments? - Crypto in Plain English – Episode 22 - by cryptohunt.it

Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english.

You’ve probably asked yourself - now that you understand crypto, how does “old school” credit card money actually work differently?

Let’s look behind the scenes of credit card payments. When you swipe your card buying something, your card info gets transmitted to the “network” - for example VISA - which in turn communicates with your issuing bank to check that you have money. This happens on closed channels only they have access to. When the payment processes, everyone in that chain takes a fee - usually close to 3%, and the merchant has to pay for that. Credit card companies can charge that, because they have no competition. And they can change their terms whenever they want to: Higher annual fees, or more interest - it’s outside of your control.

You see: While crypto has the potential to remove the middle man, save everyone a bunch of high fees, and create a fair system where you set the rules, Credit Cards - at least in many developed countries are still often the better or easier alternative because they are accepted everywhere and can process thousands of transactions per second, something most blockchains still struggle with.

But that’s also why we are building cryptohunt.it - to help everyone understand crypto, and for crypto to become mainstream.

Disclaimer: This podcast references our opinion and is for information purposes only. It is not intended to be investment advice. Do your own research and seek a duly licensed professional for investment advice.

Avsnitt(373)

Who is Do Kwon and where is he? - Episode 325 - by cryptohunt.it

Who is Do Kwon and where is he? - Episode 325 - by cryptohunt.it

Who is Do Kwon and where is he? Welcome to the Cryptohunt Jam, where we spend one minute a day explaining crypto… and now also some other cutting edge news. As always: In plain English. Avid listeners...

28 Dec 20222min

Is this new Chat AI trying to kill you? The dangers of ChatGPT - Episode 324 - by cryptohunt.it

Is this new Chat AI trying to kill you? The dangers of ChatGPT - Episode 324 - by cryptohunt.it

Is this new Chat AI trying to kill you? The dangers of ChatGPT Welcome to the Cryptohunt Jam, where we spend one minute a day explaining crypto… and now also some other cutting edge news. As always: I...

27 Dec 20223min

What is behind the AI chatbot that everyone is talking about? - Episode 323 - by cryptohunt.it

What is behind the AI chatbot that everyone is talking about? - Episode 323 - by cryptohunt.it

What is behind the AI chatbot that everyone is talking about? Welcome to the Cryptohunt Jam, where we spend one minute a day explaining crypto… and now also some other cutting edge news. As always: In...

26 Dec 20222min

Paypal collaborates with Metamask: Why this is a big deal - Episode 322 - by cryptohunt.it

Paypal collaborates with Metamask: Why this is a big deal - Episode 322 - by cryptohunt.it

Paypal collaborates with Metamask: Why this is a big deal Welcome to the Cryptohunt Jam, where we spend one minute a day explaining crypto… and now also some other cutting edge news. As always: In pla...

23 Dec 20223min

Could Twitter have been the killer app to make blockchains go mainstream? - Episode 321 - by cryptohunt.it

Could Twitter have been the killer app to make blockchains go mainstream? - Episode 321 - by cryptohunt.it

Could Twitter have been the killer app to make blockchains go mainstream? Welcome to the Cryptohunt Jam, where we spend one minute a day explaining crypto… and now also some other cutting edge news. A...

22 Dec 20222min

What is Mastodon… and will it kill Twitter? - Episode 320 - by cryptohunt.it

What is Mastodon… and will it kill Twitter? - Episode 320 - by cryptohunt.it

What is Mastodon… and will it kill Twitter? Welcome to the Cryptohunt Jam, where we spend one minute a day explaining crypto… and now also some other cutting edge news. As always: In plain English. Th...

21 Dec 20222min

What is the "Clawback process" and could it add to Binance's troubles? - Episode 319 - by cryptohunt.it

What is the "Clawback process" and could it add to Binance's troubles? - Episode 319 - by cryptohunt.it

What is the "Clawback process" and could it add to Binance's troubles? Welcome to the Cryptohunt Jam, where we spend one minute a day explaining crypto. In plain English. Today, in yet another episode...

20 Dec 20222min

Is Binance the next FTX? - Episode 318 - by cryptohunt.it

Is Binance the next FTX? - Episode 318 - by cryptohunt.it

Is Binance the next FTX? What’s worse - lying or simply not mentioning important facts? Welcome to the Cryptohunt Jam, where we spend one minute a day explaining crypto. In plain English - so that you...

19 Dec 20223min

Populärt inom Business & ekonomi

framgangspodden
varvet
badfluence
rss-jossan-nina
rss-svart-marknad
uppgang-och-fall
avanzapodden
rss-dagen-med-di
borsmorgon
rss-inga-dumma-fragor-om-pengar
tabberaset
rss-den-nya-ekonomin
rss-kort-lang-analyspodden-fran-di
rss-borsens-finest
kvalitetsaktiepodden
bathina-en-podcast
24fragor
kapitalet-en-podd-om-ekonomi
svd-tech-brief
bilar-med-sladd