| ▲ | gloryjulio 5 hours ago | ||||||||||||||||||||||
> and it does not require anything close to that to maintain their network. If it's so easy to disrupt visa/mastercard payment network, they wouldn't be able to charge this much. Payment is a highly competitive business. We witnessed so many payment companies went under or were bought out, but these two stay for years and are still profitable. The truth is their moat is considered very durable and hard to build. A global n banks to n banks payment network is not as simple as how people thought. | |||||||||||||||||||||||
| ▲ | cassiogo 5 hours ago | parent | next [-] | ||||||||||||||||||||||
> If it's so easy to disrupt visa/mastercard payment network, they wouldn't be able to charge this much If they have the US government behind them its much easier https://thepaypers.com/payments/expert-views/pix-hits-a-wall... | |||||||||||||||||||||||
| ▲ | coredog64 4 hours ago | parent | prev | next [-] | ||||||||||||||||||||||
Same as it ever was: https://news.ycombinator.com/item?id=9224 | |||||||||||||||||||||||
| ▲ | Aspos 5 hours ago | parent | prev [-] | ||||||||||||||||||||||
If someone owned all the highways, building an alternative would be difficult as well. | |||||||||||||||||||||||
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