Quote:
Originally Posted by Fuzz
If credit card companies needed to, I'm sure they could find ways to scale higher. The limitation currently is only because they don't have a need to spend more for more transactions. Visa does about 1700TPS. Does anyone complain about a transaction backlog as they wait? No.
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The backlog can be an issue, and the fees are too high.
Blockchain will fix both. That is why credit card companies are jumping on board because they see the benefits & the disruption to their business model.