Can Blockchain Introduce Competition in Payments?
, Matthew Vaccaro
U.S. merchants' unhappy experience in payments is well known by now. Take it or leave it interchange rates that are orders of magnitude higher than rates that prevail in other parts of the world. An increasingly long list of opaquely described network fees, which are also take it or leave it propositions. Indefensible extensions of the Honor All Cards rules to force merchants that implement contactless...