Re:Open Source Visa/Mastercard Competitor: Zenobia Pay
by myflash13 on Thursday August 14, 2025 @11:55AM
(#44901971)
Thanks for the clarification in your particular case. No offence, but you were then probably not big enough to matter. There is plenty evidence of shadowy forces shutting down payment systems, however, just look at Marc Andreessen's public statements about crypto founders he invested in getting debanked.
Re:Open Source Visa/Mastercard Competitor: Zenobia Pay
by warkdarrior on Thursday August 14, 2025 @11:46AM
(#44901834)
> We just aren’t well connected enough to convince established merchants to switch over to a startup’s payment network, especially since the value to them is dubious.
So instead of competing on merit by improving the value offered to merchants, your concern is to become connected enough to have the merchants switch to you in spite of "dubious value"??
Re:Open Source Visa/Mastercard Competitor: Zenobia Pay
by BlimpSpike on Thursday August 14, 2025 @11:53AM
(#44901946)
If you read the article they do give merchants more value in the form of 2% lower fees. It's just that that's not enough.
But it’s not like there was some shadowy Visa conspiracy. We received pre seed investment from institutional investors and built a pay-by-bank network entirely fine without anybody stopping us