News for hackers. Stuff that matters.

A comment on Visa and Mastercard agree to lower average credit card interchange fee below 1%. Parent comment

Re:Visa and Mastercard agree to lower average credit card in... by nailer on Friday May 19, 2023 @08:43AM (#36001200)
Cash, bank transfers, etc don't price in counter-party risk either. The only thing that does is Visa, and that's a layer on top of your existing statutory rights. Agreed re: fiat onramp/offramp.

0.3c is still far in excess of 0.0025c but maybe that won't matter.

[ Parent | on HN ]
Re:Visa and Mastercard agree to lower average credit card in... by arcticbull on Saturday May 20, 2023 @12:09AM (#36009301)
The wild fluctuations in exchange rate and having a terminal for a currency nobody uses are a dramatically bigger risk than 0.3c - and yes, your counter-party risk is a non-issue in legacy finance.
[ Parent | on HN ]