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by Anonobread 3774 days ago
> It’s like a Visa payment network that’s controlled not by Visa, but by the people—one that is open to all and that can move money more cheaply and efficiently. That’s something we should all care about.

The USD doesn't compete against VISA. Gold doesn't compete against VISA. BTC doesn't compete against VISA.

Please, will someone inform these poor journalists that it's sheer folly to pit a currency or a commodity against a Corporation? American Express isn't competing against gold bullion, and VISA isn't competing against BTC. VISA is competing against Coinbase and Xapo.