US inflation came down from 13% in 1979-1980 to 2.2% in 1999.” Inflation has been a part of our lives for the last thirty years and it has become practically impossible to imagine living without it.
A $ transaction could be done for no fee using Bitcoin while it could cost over 30 cents in fees using some merchant credit cards. E-money is also useful for sending money across borders. Traditional financial institutions offer these services, called remittances, but the fees can be as much as 10–12 per cent for small transactions.