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Honestly you would call it free of regulation? take a look at others who have tried to start payment service companies - even in the relatively free internet sp
by axiom 16y ago
Honestly you would call it free of regulation? take a look at others who have tried to start payment service companies - even in the relatively free internet space it's an absolute nightmare.
If you actually tried to start a new credit card company your number one barrier is not providing a better service than VISA but somehow managing to deal with the absurd amounts of red tape and regulations that go along with that. e-Gold is a nice shining example of the kind of insanity that's involved.
Finance, healthcare and education are the top 3 most heavily regulated industries in the world. Now purely as an intellectual exercise, what are the most backwards, broken, evil industries that everyone always complains about?