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AFAICT, interest rates are too low (near zero) for banks to make a profit on interest margins alone. You could have a non-profit do the interchange, like the I
by cbhl 9y ago
AFAICT, interest rates are too low (near zero) for banks to make a profit on interest margins alone.
You could have a non-profit do the interchange, like the Interac network in Canada, but that would be difficult to coordinate without consolidating all the banks. (Canada has, like, only half a dozen.)