Many of them are spreading good news about Litecoin and other cryptocurrencies. Confidence in crypto is brewing. For those of them who were willing to use their Litecoin all over the world, it has been made possible to pay with Litecoin everywhere Visa is accepted.
When someone stated that this card charges $1.00 for every merchant transaction (POS transaction fee) and that they were psyched about this card until they read the fine print worrying stating if isn’t lowering fees part of what crypto was supposed to do? In response, Charlie Lee clarified stating, where did you read that? There’s no fee for POS transactions.
In response the reader stated, I read it in the fee section on the link to the card. I thought that didn’t sound right for something you would promote. I will double check now but I know a saw a POS fee of a $.
Charlie Lee concluded stating that there are fees and some are unavoidable, but I know there’s no POS fee when you “swipe” the card.
It is very clear that there are no free lunches and absolutely free transactions anywhere across the world. However, many of them are happy and feel the card is good. Different users have different opinions about the usage and fee thing.
Some have stated that they would rather just find merchants who adopt core wallets so that they can just scan their wallet without KYC. Further clarified stating just my preference – cards are not needed when we have a wallet IMHO.
There were other users who had similar opinions, I was super excited for LTC with Block Card, but I am less than happy to see a fee being charged for deposits. When depositing 1 full LTC, a deduction was assessed of .00025 LTC for security and protection of the funds. The Deposit Fee: $0.00 appears to be untrue.
In this regard, Sydney Ifergan, the crypto expert tweeted: “Litecoin (LTC) are not about hype. They are realistic and their products are realistic too. So, some fees in transactions is here to stay. Families need to eat”
Litecoin (LTC) and the Fees
In response to everyone complaining about fees, one of the users made a common sense appeal for thought. “How the people who work to make this happen are going to feed their families? $0 fee in unrealistic nothing is free.” Further stated, only the communist make that promise and see how their countries ends. He also ended stating be happy about the progress Charlie Lee is making for everyone.