[grey-area]

Isn't this a transfer of power over the movement of money away from the government, and to a corporate consortium?

That’s kind of the point.

[patrickaljord]

Visa and mastercard are already banning people left and right, it is not a transfer of power though. They're working hand in hand with the government, when the US government got mad at Wikileaks during the Obama administration, visa, paypal and mastercard banned them without blinking after the government asked them to I guess.

[stcredzero]

Massive power shifted towards corporate consortiums: Often this presages bad news on geopolitical scales.

[tanzbaer]

Do you have some examples?