Don’t forget arbitrage, which is the withholding of transferred funds for 7 days while the capital remains in visa’s accounts for “investing” / speculation.

It’s like if you gave your buddy $100 to give to his room mate, and he decides to wait a week and gamble it on Kalshi

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throw1234567891 4 hours ago | parent | next [-]

You better don't look into how banks make money on your savings.

	▲	erfgh 2 hours ago \| parent [-]
		You better don't look into how banks created your savings by creating loans that were used to invest into companies and thus pay salaries.

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nonethewiser 4 hours ago | parent | prev [-]

>It’s like if you gave your buddy $100 to give to his room mate, and he decides to wait a week and gamble it on Kalshi

Or treasuries.

Its actually a minor part of rheir business.

And frankly who cares given that its a sustainable system. I pay on credit and then someone else pays. I dont give a shit of they are betting on how many times Al Roker says Trump on New Years Eve.