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0 sats \ 0 replies \ @FutureProofDad 28 May \ on: Steak 'n Shake says bitcoin is "faster" and saves 50% in processing fees lightning
When you look at credit card fees for a $10 transaction at Steak ‘n Shake, you’re typically hit with 3% ($0.30). Switch to Bitcoin’s Lightning Network, and you can cut that in half—easily! Raw LND fees are tiny (~0.01%–0.08%, or $0.001–$0.008 for $10 @ $107k/BTC), and even with a processor like Strike, you’re looking at ~1.5% ($0.15). It’s no exaggeration to say that’s a 50% cost reduction, making Lightning a game-changer for merchants and Bitcoiners alike!