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MrBayAreaHokie

Joined: 11/05/2005 Posts: 21888
Likes: 10764

What's this?

It is a....


It is also a payment network with no intermediary. Think about how crazy that is. Every financial transaction you do has 1,2 or 3 intermediaries.

You swipe your Visa card at Red Lobster and there’s RL’s bank, Visa, and the bank that issued your card, 3 intermediaries taking a cut.

If you ever read financial reports on banks, the highest ROA activity are cards.

It is wild to speculate on how this goes down.

(In response to this post by Fatman)

Posted: 03/07/2021 at 11:02PM


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Current Thread:
 
  Could bitcoin be the real skynet? -- MrBayAreaHokie 03/07/2021 7:52PM
  More like Tulip mania redux. ** -- jdkhokie 03/07/2021 10:50PM
  Tiny Tim likes the sound of that. -- KCHokie2 03/07/2021 11:34PM
  Good question -- Fatman 03/07/2021 8:55PM
  It is a.... -- MrBayAreaHokie 03/07/2021 11:02PM
  Cards aren’t what they used to be with -- Vtskier1 03/08/2021 07:14AM
  Fascinating . . . -- MikeVT85 03/08/2021 09:00AM
  AYE, The servers are the CEO. ** -- ColoVT82 03/07/2021 8:38PM

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