Ask HN: Payment processors becoming card networks?
What's the reason we don't see more card networks besides VISA and Mastercard? Specifically large processors must have some incentive to further reduce their fees?
It seems like this is a stripped down version of the G7 (albeit with a longer wear time) as the ONE is a stripped down version of the G6.
I wonder how much one should pay attention to future problems at the start of a startup versus "move fast and break things." Some of this stuff might just put you off finishing.
What's the reason we don't see more card networks besides VISA and Mastercard? Specifically large processors must have some incentive to further reduce their fees?
Edit: Based off this tweet, looks very similar https://twitter.com/LambdaAPI/status/1668676838044868620