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Well, that's definitely true, and it's also how the MasterCard and Visa monopoly remains dominant. Just look at the extreme backlash of Trump's administration a
by closewith 1y ago
Well, that's definitely true, and it's also how the MasterCard and Visa monopoly remains dominant. Just look at the extreme backlash of Trump's administration against the Brazilian Central Bank's plans to sell the Pix protocol abroad.
- _1tem 1y agoThere’s a geopolitical reason for this. Ability to print a world reserve currency and apply sanctions to control capital flow are among the primary tools of American power.
- closewith 1y agoYes, I'm aware. The dominance of the dollar and the US financial services corporations is no accident. This further reinforces that it's a government that's maintaining the Visa/Mastercard duopoly and it will be governments that break it.