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A comment on Stripe Sets One-Year Timetable to Decide on Going Public. Parent comment

Re:Stripe Sets One-Year Timetable to Decide on Going Public by fragmede on Thursday January 26, 2023 @01:17PM (#34536067)
by being the digital rails. without visa/mc, all you have in your wallet is a piece of useless plastic. there's huge value in the convenience of not having to use cash, and then the rewards programs on top of that.
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Re:Stripe Sets One-Year Timetable to Decide on Going Public by treis on Thursday January 26, 2023 @03:53PM (#34538669)
Sure but that's not why Visa/MC are worth that much. They're worth that much because they're a duopoly that can dictate prices.
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Re:Stripe Sets One-Year Timetable to Decide on Going Public by mbesto on Thursday January 26, 2023 @05:20PM (#34539701)
> that can dictate prices

Prices that are capped by the government:

The Fed’s 2011 rules capped fees at 21 cents plus five basis points of each transaction, and also allowed an additional one cent fee per transaction for fraud prevention, where applicable.[0]

[0] - https://news.bloomberglaw.com/antitrust/biden-takes-on-visa-...

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Re:Stripe Sets One-Year Timetable to Decide on Going Public by treis on Thursday January 26, 2023 @05:39PM (#34539915)
That's for debit cards only. Which Visa/MC have knee capped with their monopoly power so it doesn't really matter. Actually helps as a distraction
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Re:Stripe Sets One-Year Timetable to Decide on Going Public by mtmail on Thursday January 26, 2023 @07:27PM (#34540877)
Also capped in Europe https://www.adyen.com/en_GB/blog/all-you-need-to-know-about-... (credit and debit). But I see that as acknowledgement the companies are too large and duopoly.
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