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2022-04-06 (2) Bitcoin could be used as a loophole in payment procedures. [長年日記]

The other day, when I tried to use my credit card to send money to a store in Europe after completing the order process, I was troubled by the fact that it kept getting rejected with errors.

The location of the store was not disclosed, but it might have been "that country that is under financial sanctions from all over the world".

It said, "You can also pay in Bitcoin," so I attempted the method.

I still had some money left over from a previous purchase of about $5,000 for testing.

However, the system told me, 'The balance is not enough.

I thought this was strange, so I looked into it and was surprised to find that "the cost of remittance was higher than the price of the purchased item.

I thought 'Bitcoin has low remittance costs' was the biggest selling point.

This may not have been because of the bitcoin, but because of the fees charged by the store. Anyway, I gave up on the bitcoin transfer and canceled this transaction.

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(1) If retail stores are force to stop using credit cards, they are going to dry up easily.

(2) Bitcoin could be used as a loophole in payment procedures.

This was a real experience of what is currently being reported in the news.

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I just sent "a thank you" to the person who helped me with an Amazon gift.

The procedure took 30 seconds.

"It's really, really easy."

I realize that.