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A comment on Open Source Visa/Mastercard Competitor: Zenobia Pay. Parent comment

Re:Open Source Visa/Mastercard Competitor: Zenobia Pay by pbhjpbhj on Thursday August 14, 2025 @04:46AM (#44898237)
So a 1980s computer is faster at calculating than a person, so why reduce the cost? Or a car is cheaper to maintain than a horse, why reduce the cost?

Let's flip the script. In reality the averaged transaction _cost_ is probably O(0.1%) or lower. Why are we paying more?

[ Parent | on HN ]
Re:Open Source Visa/Mastercard Competitor: Zenobia Pay by Ekaros on Thursday August 14, 2025 @04:50AM (#44898258)
Decision makers and regulators have been bribed in many places.

EU has actually solved this with interchange fees for consumers being 0.3% which to me sound reasonably close to that 0.1%.

[ Parent | on HN ]