A Boring Dystopia

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Visa Could Ruin the Internet (youtu.be)

submitted 1 week ago by ratrace@lemmy.zip to c/aboringdystopia@lemmy.world

9 comments fedilink hide all child comments

Cross posted from https://lemmy.zip/post/65355368

What if you woke up tomorrow and completely lost access to your bank account, credit cards, PayPal, and Venmo, all because of something you posted online?

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[–] ShadowRam@fedia.io 12 points 1 week ago (2 children)

I mean, the gap will be filled with something not Visa/Mastercard if they keep it up.

[–] benjirenji@slrpnk.net 15 points 1 week ago

Many countries are already implementing independent payment systems. What's missing is international payments that could be simple, but most of these national systems don't allow interoperability yet. I really hope they tackle this soon.

That and reserving money like for car rental and other deposits. Shouldn't require a credit card. A bank or payment provider could implement this transparently.

[–] muntedcrocodile@hilariouschaos.com 1 points 1 week ago

Visa and MasterCard have such a strong duopoly that its almost impossible to break into. Even Elon is struggling to do it.