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> FOSS alternative to Visa Software, or lack there of, is not the reason for Visa/Mastercard ruling the marketplace.
by yencabulator 1y ago
> FOSS alternative to Visa
Software, or lack there of, is not the reason for Visa/Mastercard ruling the marketplace.
- dcreater 1y agoWhat is? I agree that there is a lot more to this industry than software but that is the first foundational/enabling piece. They may have a duopoly currently but its a matter of when, not if, that it is broken
- yencabulator 1y agoIf Visa loses its position, it'll be replaced by something fairly similar. It serves the interests of the system. Why? Unchecked capitalism, lobbying, corruption, politics, societal needs[1], realpolitik[2]. [1]: E.g. legal system requiring KYC to investigate money laundering. [2]: In the positive sense; see items 2-4 for the negative sense.