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No comment so far has touched on the big issue. This is a direct competition to the big turtle the retail world is sitting on: Visa and Mastercard. They're taki
by radu_floricica 4y ago
No comment so far has touched on the big issue. This is a direct competition to the big turtle the retail world is sitting on: Visa and Mastercard. They're taking a cut out of everything that happens, not doing a whole lot of innovation, and have exactly the high degree of control people are fearing in a totalitarian CBDC. They'll very likely dislike this and will probably lobby against it (well, as much as what entities with their net worth can be said to "lobby").
- throwaway98797 4y agothe value that visa brings is gamifying spending plus amazing fraud protection i’m so much more comfortable buying from random online websites because visa has my back yes i know we collectively play 2.5% for that privilege, but seems worth it to me.
- TimJRobinson 4y agoThe government could provide similar chargebacks with a CBDC. Whether their customer service would be any good remains to be seen.
- febeling 4y agoVisa and Mastercard are issued through a multitude of providers. OBDC will have central control. It is beyond me how anyone can argue for that, after seeing again and again how governments fails in almost everything repeatedly. At least have two options to chose from.