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The CCP is notorious for boosting domestic ventures, and strangling any foreign attempt to compete. And while I would agree that keeping strategic industries un
by manuelabeledo 3y ago
The CCP is notorious for boosting domestic ventures, and strangling any foreign attempt to compete. And while I would agree that keeping strategic industries under domestic control is a good thing, social media and mobile payments are arguably not part of those.
- rchaud 3y agoThere aren't any payment apps in the US from friendly countries either. I think payments are a strategic industry, or at least one where the public doesn't benefit from having a Visa or Paypal take a cut of everything. As publicly funded infrastructure like interbank transfers gain greater adoption, I can see European governments discouraging use of American processors (Visa, MC) unless absolutely necessary.