Re:Visa and Mastercard agree to lower average credit card in...
by Reason077 on Friday May 19, 2023 @05:00AM
(#35999455)
Right. That’s exactly what I mean by “changing the rules to promote increased competition”.
This is unlikely to happen in the US, however, where market-dominant corporations have huge lobbying power and can ensure the rules are written in their favour, and any potential upstarts drowned in a sea of red tape.
This is unlikely to happen in the US, however, where market-dominant corporations have huge lobbying power and can ensure the rules are written in their favour, and any potential upstarts drowned in a sea of red tape.