BTC.com Wallet Tries Discounting Some Priority Transaction Fees

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Bitmain subsidiary BTC.com is now offering its wallet users discounted priority transactions. Though currently still a beta feature, this will let BTC.com users pay some 94 percent less in fees for three transactions each month to have them confirm faster. The funds allocated toward the discounted transaction fees will be “subsidized by the BTC.com Wallet.”  

The new service comes at a time when transaction fees on the Bitcoin network are reaching all-time highs.

Speaking on recent transaction fees reaching all-time highs, and how it may impact potential Bitcoin adopters, BTC.com’s Alejandro De La Torre told Bitcoin Magazine:

“The effect of rising tx costs mostly affects the perception of bitcoin to new users. They might think it’s too expensive or might use a low tx fee and have their bitcoin transaction confirm in a very long time. Both scenarios are not good for adoption.”

This is not the first time that bitcoin wallets have offered discounted transaction fees. “Many wallets have previously paid for transaction fees on behalf of users, but stopped doing so recently (such as Coinbase and Xapo),” said De La Torre.

BTC.com is currently the only bitcoin wallet that also serves as a fully operational mining pool, currently


Read more ... source: Bitcoin Magazine

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