3 ms·
Exactly. I cannot be the first person to ask that question. Hence trying to understand what the reasons behind it are. What exactly makes Visa and MC so essenti
by yalogin 12y ago
Exactly. I cannot be the first person to ask that question. Hence trying to understand what the reasons behind it are. What exactly makes Visa and MC so essential. What do they offer that someone with big pockets (or a consortium) cannot upend?
- samfisher83 12y agoMC and Visa were originally setup by the banks. The only people powerful enough to create another system like this is the banks.
- staunch 12y agoBankers and programmers.
- j-shoe 12y agoVisa and MC (as well as AMEX, JCB and Discover) provide the issuing of cards and recording of all the cards for use. I would consider them a form of governing body similar to ICANN of internet (maybe bad example as not everyone likes ICANN)
- drivingmenuts 12y agoNot everyone likes Visa or MC either and I'd be willing to bet they're are much better known and thus much more hated.
- Mimu 12y agoI almost pay everything by credit card (visa). If it disappear, I imagine you'll replace it with something else, what would be the differences between the new thing and VISA? In 10 years?