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Arcade machines had solved it in the '70s. Want to play? Insert coin. We need payments-hardware integrated to our computers Today that is not possible. Visa a
by seydor 4y ago
Arcade machines had solved it in the '70s.
Want to play? Insert coin. We need payments-hardware integrated to our computers
Today that is not possible. Visa and Mastercard want to play world police so they set rules and regulations about what is allowed to be paid. Even if BAT tries to solve this, people still have to onboard their money somewhere , again via visa+MC
- rchaud 4y agoArcades had transaction costs too. They sold quarters in blocks. You couldn't just buy 1 at a time. Which is precisely how MC/Visa operate. Big players like Apple can sell songs for $1 because they pay for a minimum level of payment processing so their unit cost is less than the 2.9% + 30c or whatever the standard charge is.