I have long thought payment tx fees should be nationalised to each country and added to gdp. Luna actually got this right 😂
Visa and Mastercard are not middlemen. They own the payment rails. That’s their moat.
The 2-3% fees are charged on credit cards, not debit cards.
Credit card payments abstract away the fact that actual settlement takes days (T+3).
Merchants get paid instantly, but issuers + processors front the risk and liquidity in the meantime.
Crypto isn't just competing on fees. It’s trying to rebuild the global risk + trust layer with defi rails.
It will take decades to replace the existing systems imo.
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