Afterpay tells Senate inquiry crypto could slash merchant payment costs By Cointelegraph

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Afterpay tells Senate inquiry crypto could slash merchant payment costs

Australian buy now pay later (BNPL) firm Afterpay believes that local merchants can slash payment costs by utilizing cryptocurrencies.

In a submission to the Senate inquiry into “Australia as a Technology and Financial Center”, Afterpay stated that the use of blockchain-based transactions would cut the fees associated with traditional payment methods including card issuer, network operator and banking fees:

Stablecoins down under