VISA & MasterCard Face Increasing Threat from Local Networks & Crypto Currencies

For a very long time now, VISA and MasterCard have dominated the fintech world, enabling the rails for card acceptance. When an issuer bank has to transfer money for a transaction done by its customer to the receiver (merchant) bank, they need a network to complete the transaction. It is like charging a small amount every time (say a portion of $2 on a $100 transaction) but on the millions and millions of tr ...

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