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Imagine if Visa and Mastercard formed a duopoly and used their market power to extract fees from merchants to the point of warranting government action to cap t

Imagine if Visa and Mastercard formed a duopoly and used their market power to extract fees from merchants to the point of warranting government action to cap the fees.

deleted 3y ago
[deleted]
throwaway290 3y ago
Imagine if government couldn't cap those fees.
- Fatnino 3y ago
  Did we just invent bitcoin?
- whitemary 3y ago
  Because Visa and Mastercard lobbied congress and the current administration. "Americans are survivors and Americans will survive this because America is the greatest country in the world!"
- mihaic 3y ago
  Congrats, you won the imagination chain!
ilyt 3y ago
...and that still got to lower prices than bitcoin transactions Wild, isn't it ?
- Fatnino 3y ago
  And way higher capacity
- Tenoke 3y ago
  >till got to lower prices than bitcoin transactions Visa and Mastercard have 1+% fee, so it's lower for some transactions than bitcoin but higher for others.
golergka 3y ago
Why do people still compare Bitcoin to Visa/Mastercard instead of SWIFT transfers?
- rchaud 3y ago
  A tiny percentage of people know what SWIFT even is. Everybody knows Visa/MC.