alt Hacker NewsThey are taking a percentage point or two on the entire consumer payment system.
I think there's plenty of money to back all the activity.
Especially if there are central banks willing to back them
They are taking a percentage point or two on the entire consumer payment system.
I think there's plenty of money to back all the activity.
Especially if there are central banks willing to back them
> They are taking a percentage point or two on the entire consumer payment system.
Visa/MC make about 0.1-0.13% of each transaction, not a 1-2%. The rest of the interchange (the vast majority) goes to the issuing bank.