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That doesn't make it any less of a duopoly. The whole point of the article is that visa/mc have too much power and there is a lot of systemic risk by having onl
by omosubi 6y ago
That doesn't make it any less of a duopoly. The whole point of the article is that visa/mc have too much power and there is a lot of systemic risk by having only two competitors in this industry in particular.
Even if they aren't extending credit they're still facilitating the transaction - it's not like the visa sticker is on there for marketing purposes
- alt_f4 6y agoNot what we're talking about in the OP comment.
- komali2 6y agoThat's what I was talking about - even if they aren't charging fees, they're involved. There's plenty of cases in technology where "but we don't do anything with your data!" is not a good enough excuse. Many of us still argue for decentralization or federation or user controlled data, etc. Similar concerns I have for visa.