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Surcharges highlight the cost credit cards put on businesses, and as they proliferate, the blockchain becomes ever more compelling.
Coinbase (COIN -1.63%) has quietly been building the infrastructure it needs to disrupt the global payment infrastructure using the blockchain. As surcharges for using credit cards become more and more onerous, businesses may react. In this video, Travis Hoium shows how fees will play a key role in blockchain adoption.
*Stock prices used were end-of-day prices of Sept. 19, 2024. The video was published on Sept. 24, 2024.
Travis Hoium has positions in Apple, Coinbase Global, and PayPal. The Motley Fool has positions in and recommends Apple, Coinbase Global, Mastercard, PayPal, and Visa. The Motley Fool recommends the following options: long January 2025 $370 calls on Mastercard, short January 2025 $380 calls on Mastercard, and short September 2024 $62.50 calls on PayPal. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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