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Whether 60% technically comprises a "monopoly" is a technical legal question that will be determined by the courts. Whether Visa carries an enormous amount of t
by matthewdgreen 2y ago
Whether 60% technically comprises a "monopoly" is a technical legal question that will be determined by the courts. Whether Visa carries an enormous amount of traffic and charges too much is an opinion, and it certainly feels like they do. Keep in mind that some percentage of fraud detection and prevention is determined by the vulnerability of the underlying technology used: fraud from card skimmers should not be a thing in 2024, yet it still is, and these payment networks are responsible for that.
- yxhuvud 2y agoIt probably won't, because it is irrelevant. What matters is that it is clear beyond reason that VISA have a lot of power in the marketplace. What the courts will decide if they used that power to do naughty things to further cement their position or earnings.