In low-margin businesses, credit card fees can eat into profits. For example, in the EU, a local pizza shop might pay 50-70 cents in fees on a €50 order. These fees come from intermediaries and risks in traditional payments. But using blockchain solutions like Base L2, transaction costs could drop to just 1-5 cents.
Base’s goal is to make transactions under one second and under one cent. This is why I’m bullish on stablecoins and L2 solutions—they reduce costs and offer a more scalable financial system for small businesses.