LogFAQs > #962493645

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Topic	This is when the fed would really own you.
1337toothbrush 02/09/22 11:29:19 AM #7:	s0nicfan posted... This will never make it to law. Too many businesses exist entirely to collect usage fees on digital transactions. The lobbying alone will kill this before it even hits draft form. If it DOES make it that far, it'll be written entirely by the folks at Visa to effectively railroad customers into having to pay those existing fees to a select few giant banks through regulation. The control is too tantalizing for the fed to let them be blocked. Visa deals with credit and this wouldn't replace credit cards. You'd pay off your credit cards with this. --- https://imgur.com/a/FU9H8 - https://i.imgur.com/ZkQRDsR.png - https://i.imgur.com/2x2gtgP.jpg <cite>1337toothbrush posted [p:962493645] in This is wh... [t:79887133]...</cite> <quote>s0nicfan posted... </cite> <quote>This will never make it to law. Too many businesses exist entirely to collect usage fees on digital transactions. The lobbying alone will kill this before it even hits draft form. If it DOES make it that far, it'll be written entirely by the folks at Visa to effectively railroad customers into having to pay those existing fees to a select few giant banks through regulation.</quote>The control is too tantalizing for the fed to let them be blocked. Visa deals with credit and this wouldn't replace credit cards. You'd pay off your credit cards with this. --- https://imgur.com/a/FU9H8 - https://i.imgur.com/ZkQRDsR.png - https://i.imgur.com/2x2gtgP.jpg</quote> ... Copied to Clipboard!
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