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A comment on OpenAI is Visa – Buttering up the government to retain a monopoly. Parent comment

Re:OpenAI is Visa – Buttering up the government to retain a ... by AdieuToLogic on Thursday December 26, 2024 @09:52PM (#42519566)
> Doesn't explain what regulations Visa pushed for and got which helped it maintain its monopoly.

Visa, the organization, is little more than a small clearing house. Credit card issuers (banks) and credit card processors (also banks) define the network in so far as determining what organizations can be "on the visa rails" (also almost exclusively banks).

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Re:OpenAI is Visa – Buttering up the government to retain a ... by insane_dreamer on Friday December 27, 2024 @10:15AM (#42522730)
> Visa ... is little more than a small clearing house

worth $600 billion

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Re:OpenAI is Visa – Buttering up the government to retain a ... by AdieuToLogic on Friday December 27, 2024 @07:53PM (#42527569)
>> Visa ... is little more than a small clearing house

> worth $600 billion

I think one would find this valuation is in the banks which constitute Visa membership/ownership and not the Visa corporation itself.

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