Saving >$74 billion, as a start: How Crypto makes everyday finance fairer, cheaper, and easier
Tl;dr: Our current financial system costs regular Americans too much, takes too long, and is too hard to access. According to Coinbase’s latest State of Crypto Report, frustration over fees alone is the top reason for discontent with the system. In 2022, consumers could have saved at least $74 billion in credit card transaction fees by using blockchain technology instead, amounting to an average of $600 per household. At least three in five Americans want updates to the system that make it cheaper, faster, and more accessible, and the top reasons why they see potential in crypto are its ease of use, affordability, and fully digital lack of middlemen.
By Coinbase Company, February 7, 2024, 4min read time
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