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Visa is literally money created by issuing credit just like all the other money in the economy. No one spends specie.
by benlivengood 6y ago
Visa is literally money created by issuing credit just like all the other money in the economy. No one spends specie.
- Geee 6y agoIt's credit that is backed by the US dollar. Similarly Visa could use Bitcoin as their base currency, and they probably will.