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There’s pretty much no practical difference between Visa knowing all this stuff and the government knowing it. All Visa’s data is at most one subpoena away and
by ryandrake 2y ago
There’s pretty much no practical difference between Visa knowing all this stuff and the government knowing it. All Visa’s data is at most one subpoena away and that’s the optimistic scenario.
- kevincox 2y agoOf course there is a difference the other way. With a government run payment system only the government knows it. Not the government and some for-profit corporation.
- darkwater 2y agoAnd maybe even some other government which was an ally until a new old president is elected.
- dkga 2y agoYou cannot seriously believe that. Visa or any other private card processing company would actively seek to exploit it for its financial gains within the limits of the rules. The central bank (which is not "the governmentTM") would use the data to make sure the system is functioning properly or some other public policy goal. That's all the difference in the world.