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  • 1. Bitcoin  Best  Prac-ces:   Reshaping  the  Payment  Landscape Maria  Sparagis   President,  DirectPayNet @directpaynet
  • 2. Upcoming  Changes  in  card  industry • EU  Commission  is  leading  to  the  ac-on  that  is  expected  to  see   costs  capped  at  0.2%  for  debit  and  0.3%  for  credit  card   transac-ons.     • Visa  Europe,  which  with  Mastercard  dominates  the  market,   has  offered  to  reduce  by  around  50%  the  'interchange  fee'   charged  by  banks  to  a  retailer. • As  a  result,  consumers  who  pay  off  their  monthly  bill  may  be   hit  with  an  annual  fee,  and  many  other  new  fees  will  be  added   to  consumers  to  balance  the  loss • Canada  recently  ruled  against  imposing  interchange  caps  for   the  credit  card  networks
  • 3. Bitcoin  payments  vs  credit  cards   • Simple  check-­‐out  process • Can  be  more  anonymous • No  currency  exchange   rates/interna-onal   approval • Payments  are  final  with   no  risk  of  CBs • Easier  merchant  entry  =   more  compe--on • Widely  accepted • Easily  traceable  and   consumer  protec-on   programs   • Allows  consumers  to   have  addi-onal  buying   power  outside  of  income • Quick  approval  -mes
  • 4. Bitcoin  payments  vs  credit  cards • Longer  transac-on   approval  -me  (possibility   of  double  spend) • Vola-le  exchange  rates • Not  widely  accepted  so   likely  need  to  convert  to   fiat • No  recurring  payment   possibility • Long  applica-on  process   for  merchants • Currency  and  market   restric-ons   • Barriers  to  entry  in   certain  markets • Merchants  subject  to   reserves  &  high  fees • Long  checkout  and   conversion  loss
  • 5. Challenges  ahead… • Making  BTC  more  readily  available  and  lower  exchange   fees • Using  CC  to  buy  BTC  in  bulk  not  a  viable  op-on • Government  regula-ons  will  be  different  across  the   world  for  digital  currencies • Ge^ng  BTC  out  of  the  “grey”  area  of  commerce  
  • 6. Ques-ons?   Follow  us  on  Twicer  @directpaynet