Jack Mallers: Large banks charge high fees to merchants, Bitcoin is the solution

CryptoWorld News reports that Coinpedia states that Jack Mallers, CEO of 21 Capital, said at the 2026 Bitcoin Conference that big banks charge merchants 3% to 5% fees, calling it an unfair and exploitative system. He pointed out that credit card rewards like cash back conceal the true costs, and merchants are actually paying fees for the benefit of consumers. Mallers emphasized that Bitcoin offers a cheaper and open alternative that can facilitate fast global transfers. He believes that Bitcoin is not only a store of value but also a real payment network capable of transferring funds quickly at very low costs. Mallers also mentioned that 21 Capital holds 43,514 Bitcoins, worth about $3.3 billion, reflecting strong confidence in Bitcoin’s long-term growth.

BTC1.57%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments