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> Doesn't explain what regulations Visa pushed for and got which helped it maintain its monopoly. Visa, the organization, is little more than a small clearing
by AdieuToLogic 2y ago
> Doesn't explain what regulations Visa pushed for and got which helped it maintain its monopoly.
Visa, the organization, is little more than a small clearing house. Credit card issuers (banks) and credit card processors (also banks) define the network in so far as determining what organizations can be "on the visa rails" (also almost exclusively banks).
- insane_dreamer 2y ago> Visa ... is little more than a small clearing house worth $600 billion
- AdieuToLogic 2y ago>> Visa ... is little more than a small clearing house > worth $600 billion I think one would find this valuation is in the banks which constitute Visa membership/ownership and not the Visa corporation itself.