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Visa Could Ruin the Internet (youtu.be)

submitted 6 days ago by ratrace@lemmy.zip to c/privacy@programming.dev

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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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[–] Jiral@lemmy.org 2 points 4 days ago* (last edited 4 days ago)

Visa doesn't hold the keys to the WERO infrastructure. WERO is basically a facilitator to the system of real time bank transfers that already exists anyway on European infrastructure. It is not a credit card system in that sense, because the money goes immediately from one account to another, but so what?