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> Cash? This has to be intentionally obtuse, we're talking about online payment processors... > Bitcoin? So easy to use, so stable > PayPal Yes, you're rig
by nawgz 4y ago
> Cash?
This has to be intentionally obtuse, we're talking about online payment processors...
> Bitcoin?
So easy to use, so stable
> PayPal
Yes, you're right, in the US it's more of a tri-opoly than a duopoly - you'll note globally it's more of a duopoly. But that's pretty far from supporting claims like "Visa doesn't have a stranglehold on financial transactions". Visa and MasterCard usually move in some form of legal tandem from what I've seen, which returns us to the original point: arguing about idealistic "market" conditions in a captured, distinctly not-free market is foolish at best and intentionally misleading in this case.
- richbell 4y agoAt the end of the day PayPal, Stripe, Square, etc. are beholden to Visa and MasterCard and not really competitors.