Yeah with bitcoin's mempool being crowded with a bunch of transactions these days and the transaction fee to get confirmed being like $6-9 US, doing micro-transactions on-chain isn't feasible anymore. Bitcoin is cheaper than sending a SWIFT wire transfer internationally. Domestic EFT bank transfers within Canada are either free with an online bank or they're included at a cost of $4-5/month with a Big 5 bank. And Visa/Mastercard fees for merchants are cheaper for merchants except for very large purchases. But beyond that, bitcoin is not very useful anymore. And the same can be said for ethereum these days with it costing $5 to confirm a regular transaction in 12 minutes. If you want to execute a smart contract, it can cost considerably more than that. These cryptos can't scale on-chain unless they increase the block size.

Yeah with bitcoin's mempool being crowded with a bunch of transactions these days and the transaction fee to get confirmed being like $6-9 US, doing micro-transactions on-chain isn't feasible anymore. Bitcoin is cheaper than sending a SWIFT wire transfer internationally. Domestic EFT bank transfers within Canada are either free with an online bank or they're included at a cost of $4-5/month with a Big 5 bank. But beyond that, bitcoin is not very useful anymore. And the same can be said for ethereum these days with it costing $5 to confirm a regular transaction in 12 minutes. If you want to execute a smart contract, it can cost considerably more than that. These cryptos can't scale on-chain unless they increase the block size.

Yeah with bitcoin's mempool being crowded with a bunch of transactions these days and the transaction fee to get confirmed being like $6-9 US, doing micro-transactions on-chain isn't feasible anymore. Bitcoin is cheaper than sending a SWIFT wire transfer internationally. Domestic bank transfers within Canada are either free with an online bank or they're included at a cost of $4-5/month with a Big 5 bank. But beyond that, bitcoin is not very useful anymore. And the same can be said for ethereum these days with it costing $5 to confirm a regular transaction in 12 minutes. If you want to execute a smart contract, it can cost considerably more than that. These cryptos can't scale on-chain unless they increase the block size.