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As someone who has spent a lot of time (15 years? Maybe more?) looking at “next gen” / mobile electronic payments, I find it amusing that the crypto crowd looks
by numair 5y ago
As someone who has spent a lot of time (15 years? Maybe more?) looking at “next gen” / mobile electronic payments, I find it amusing that the crypto crowd looks at Visa and MasterCard as the ultimate form of endorsement and embrace.
Visa has the highest profit margin of any company among the largest 100 companies in the world — 49%, which is a significant leap over #2 (which might be MasterCard, at 41% — I forget if there’s anyone between them). When these guys give you a high five and want in on the game, you’re probably making the electronic payments landscape less efficient, not more.
- celticninja 5y ago>I find it amusing that the crypto crowd looks at Visa and MasterCard as the ultimate form of endorsement They don't. It's the non crypto crowd who do that. The crypto crowd look at them as the dinosaurs that need replacing, as the gatekeepers who can decide who can and cannot have access to online payments. For someone who has spent a lot of time looking at next gen payment options you seem to have missed the woods for the trees.