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This has little to no chance of coming into service. It's absolutely a direct threat to Visa & 100+ others. They will make sure that this is killed in Congress
by grizzles 6y ago
This has little to no chance of coming into service. It's absolutely a direct threat to Visa & 100+ others. They will make sure that this is killed in Congress + legislation will likely be written prohibiting the Fed from creating something like this ever again.
[1] https://www.propublica.org/article/congress-is-about-to-ban-the-government-from-offering-free-online-tax-filing-thank-turbotax https://www.propublica.org/article/congress-is-about-to-ban-...
PS I knew I'd get these downvotes. The comment stands. Uncomfortable things should be said.
- antihero 6y agoVisa and Mastercard are doing just fine in the UK, it would be highly inconvenient to have to bank transfer to every merchant you interact with.