Founders

Lots of (crypto / payments) businesses just tryna get a little piece of Visa & Mastercards network volume (they take 15 bips (0.15%))

Values-Aligned Communities | citizen of Black Rock City

The banks (Chase, Citi, etc) actually get the interchange fee (1.15% - 2.9%) which they turn around and pay as reward points (points! tokens? points.)

And then they make real money on people that revolve (don't pay off their cc, and pay some interest every month)

So... What's the end state? hopefully no revolving

But what's the mean for businesses? less profit... 😳🫢😏