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Fees for credit card payments are rising. In this regard, Bitcoin offers alternative payment methods that do not incur these swipe fees. Said U.S. Senator Marsha Blackburn during a fire chat at the 2024 Bitcoin Policy Summit held this week.
“One of the hot issues on Capital Hill right now is the increase in credit card processing fees. I'm starting to see it How expensive is it to use a credit card?Therefore, this [Bitcoin] Give them a hassle-free alternative have to pay That swipe fee,” the senator said.
Tennessee lawmaker known for his commitment to consumer rights and privacy says Bitcoin could help consumers save on extra fees on everyday transactions like rent, mortgage, and car payments. he pointed out.
“For consumers…this is [Bitcoin] I think it’s a really good solid option,” she said.
blackburn too expressed her belief that Bitcoin will become more accepted for everyday purchases as the general public becomes more familiar with the digital currency.
Ease of use is just one of the things senators can “sell” about Bitcoin. Two important aspects of Bitcoin that she sees as benefits are personal freedom and privacy. Bitcoin allows individuals to manage their finances without much oversight.
“First of all, when we talk about freedom and you speak Privacy, Bitcoin allows individuals to do that,” Blackburn said.
She also praised the decentralized nature of Bitcoin, which operates without government intervention, which she believes is important to many people.
Blackburn used Afghanistan as an example, explaining that Bitcoin stands out as a reliable store of value in a region where trust in governments and fiat currencies is low.
“They want something like will be be good A reliable store of value.this is wonderful It’s an option for them,” she added. “People want so that you can have it to control the use of their currency. ”
Sharing Senator Blackburn's views is U.S. presidential candidate Robert F. Kennedy Jr. I recognized it Bitcoin as a tool against government overreach and financial control.he promised to deal with it Tax treatment of Bitcoin This is to make it easier to use it in daily transactions without having to pay taxes.
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