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Isn’t that due to regulation? Surely we can also apply some rules to payment processors that use a decentralized network under the hood and get the best of all
by junofan 4y ago
Isn’t that due to regulation? Surely we can also apply some rules to payment processors that use a decentralized network under the hood and get the best of all worlds?
Visa’s operating margins are insane. I think we can do better than a global oligopoly skimming %ages of every transaction.
- sgammon 4y agoyes but that regulation is based on the root of trust of strong KYC and AML. bitcoin just uses a private key that anyone can generate and use. again by design
- eptcyka 4y agoI'm pretty sure running the Visa network is a lot more energy efficient today. And you cannot discount the fact that miners will also skim percentages of every transaction.
- ipaddr 4y agoVisa has a huge footprint and those plastic cards are not organic. The toxic material for printing plus the buildings and employees who drive in to work each day to keep the system going or the millions of miles Visa sales, repair, security, etc drive each year need to be counted. Miners are cheap.. Visa execs flying in private planes are worse for the environment.