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Visa is a player and doesn't represent the financial system at large. They're doing this because they realize it's existential that they do. Look at what regul
by ei8htyfi5e 7y ago
Visa is a player and doesn't represent the financial system at large. They're doing this because they realize it's existential that they do.
Look at what regulators will say in the coming days. Europe is already saying under no circumstances will they allow a sovereign currency to operate unabated.
The US Federal Reserve is a major source of American power. It's "rumored" the US has invaded countries before for threatening to price oil in alternate currencies. You think they're going to accept this affront to their global hegemony laying down?
- r00fus 7y agoI agree with you. The fact that there is one player makes me wonder how many other players are in the game but not announced. If the regulatory agencies aren't captured, we should expect crypto (at least stablecoins) to get some regulation soon.