To: EBH
Are they giving up the fees as well?
2 posted on
12/10/2022 4:22:31 AM PST by
Bernard
(“the rights of man come not from the generosity of the state but from the hand of God." JFK 1-20-61)
To: Bernard
“Are they giving up the fees as well?”
You can bet there will also be an instant realtime fee per transaction.
6 posted on
12/10/2022 4:29:33 AM PST by
Openurmind
(The ultimate test of a moral society is the kind of world it leaves to its children. ~ D. Bonhoeffer)
To: Bernard
The way this reads is they are walking away from $5 billion in fee revenues. The question is what is replacing that revenue? Whatever it is has to be more profitable than the credit card.
9 posted on
12/10/2022 4:44:06 AM PST by
EBH
To: Bernard
This will be a blockchain based system so there will be small “gas” fees per transaction.
77 posted on
12/10/2022 6:50:36 AM PST by
IllumiNaughtyByNature
(The kernel of our firm's job is to go with lots. - tnlibertarian job offer letter)
So just like a debit card or PayPal and similar…no credit anymore…
80 posted on
12/10/2022 7:40:23 AM PST by
TnTnTn
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