[01acheru]

I totally understand you and you are perfectly right IMHO. This is why I don't understand why isn't there a payment standard, we are in 2023 already, the economic burden of keeping fattening those "old-school" card networks is absurd, it is billions and billions of dollars each year.

Lobbying is the only reason I see that keeps a payment standard from being implemented.

[carlosjobim]

There is no standard because there are different currencies in different empires and different rulers of those empires. Asking why there isn't a unified standard is the same as asking why there isn't a one world government.

The economic burden of the "old-school" payment networks Visa and Mastercard is very low for both merchants and customers for what these networks provide. The economic burden and other burdens of a one world government would be immense in comparison.

Please remember that most people use other methods to transact larger amounts, so the fees are mostly for the convenience of small remote transactions.

[Aeolun]

Would you want to work on a payment standard and then try to convince the rest of the world to use it?

I dunno, that just sounds too soul destroying to me.

[01acheru]

It would be nice to work on a payment standard IMHO, it is something really world changing, but it isn't something that you or I can simply create in mama's basement and then post on medium to cater some attention.