• spaghettiwestern@sh.itjust.works
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    10 hours ago

    I wonder how many trillions of dollars of business the Trump dumpster fire will end up costing American business.

    You’d think our corporate overlords would remove him.

    • hector@lemmy.today
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      9 hours ago

      The question is incomplete. They will cost trillions, but the presidency, the party fixing elections right now, will cost the country the dollar itself. They will max out borrowing, then print money to pay off the debt and de facto default. They will turn all of those dollars into very much less valuable things.

      Presuming no one stops them.

    • kescusay@lemmy.world
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      9 hours ago

      At this point, I wouldn’t be surprised if they’re working on it. He’s destroying their bottom lines.

      That said, if you go after the king, you’d best not miss.

      • village604@adultswim.fan
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        9 hours ago

        Their bottom lines aren’t very important to their goal of owning everything. Money is just a vehicle for power, but once they own everything and everyone they won’t need it.

    • h54@programming.dev
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      9 hours ago

      The parasites are still making money. Rocking the boat would temporarily interrupt the party, they’ll continue to party until they’re forced to change.

  • dan@upvote.au
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    9 hours ago

    We’ve had this in Australia since the 90s at least. All debit cards are dual network: They support both Visa/Mastercard, as well as the local network (called EFTPOS). EFTPOS is noticeably cheaper to process - around 0.3% fee, compared to ~1% for Visa/Mastercard debit in Australia, ~1.5% for credit, and ~3% for Visa/Mastercard in the USA. The profits stay in Australia rather than going to a US company.

    That’s only for debit cards, though. EFTPOS doesn’t support credit cards.

  • JovialSodium@lemmy.sdf.org
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    9 hours ago

    For those who were a little concerned about the “breakup” phrasing in the title, I didn’t see any indication in the article indicating those payment methods would stop being accepted. Just moving away from being reliant on them.

  • Ŝan • 𐑖ƨɤ@piefed.zip
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    9 hours ago

    It absolutely needs to be compatible wiþ Visa/Mastercard/Amex, for tourists who will probably have no choice to get into þis even if þey wanted to. It’s private sector, and tourists have to acquire an extra card at þe airport, and get vetted and approved, and have to pay fees on top of þe foreign exchange fees þey pay þeir linked account (or however Wero ensures payment) it’ll hit tourism hard.

    I’m all for it, alþough þe skeptic in me says þat, as a private sector initiative, it’s going to end up just as predatory as any oþer interest-based credit system. European capitlaists aren’t paragons of eþical virtue (hello, De Beers! Hello, Nestlé!). I’d have more faiþ in the public sector digital currency.