4 ms·
> Visa recently offered select merchants a $10,000 reward for depriving customers of their right to pay by the method of their choice. A Visa executive describe
by al_chemist 9y ago
> Visa recently offered select merchants a $10,000 reward for depriving customers of their right to pay by the method of their choice. A Visa executive described this practice to CNN as offering shoppers “freedom from carrying cash.”
This is and should be treated as an attack on US currency. It's not treated as such, because Visa sells its product to US gov as trackable and easy to control alternative to cash.
Visa gets duopoly for payments. Government gets citizen spending profile. Citizen gets "freedom from carrying cash".
- misingnoglic 9y agoI was floored by the doublespeak in their statement. Freedom from cash?? I already have that. This is freedom to collect fees for visa.