Ask HN: Payment processors becoming card networks?

by 005 on 8/1/2023, 4:34:36 AM with 1 comments
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?

  • by villgax on 8/1/2023, 6:55:10 AM

    India is pushing forth RuPay network as an alternative. Then again goverments across the world treat crypto like some smuggler when real world cash has & is used for every other fraudulent & illegal activity.

    While the whole premise of crypto was to have a publicly accessible ledger & central banks are somewhere averse to this notion for some reason?