Why crypto currencies can't replace card networks like Visa/Mastercard?

1 points by stealthmodeclan ↗ HN
What could be the possible reasons?

3 comments

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* only a few transactions per second, worldwide

* no consumer safety, cryptocurrency fans don't even understand the most basic requirements for a consumer product

Transactions isn't the issue; you can push a lot per second.

The problem is throughput, and wait time.

Throughput, is the whole block size problem; and that whole can of worms.

Most people don't want to wait an hour plus or minus, for a transaction to be classified as safe. Zero confirmation transactions, the seller takes all the risk.

"Paying isn't a problem, only receiving payments"

Right. Cryptocurrency make-believe.