lCome on let's be serious: is there any difference between VISA and MC?
For me it's like coca cola and pepsi. They seem at war but both of them have huge profits.
70 billion market cap advantage to VISA?
I don't know why people in this thread have suggested or implied that credit cards or companies are required at all. One argument was that credit is necessary for online shopping, however there are lots of online payment options that can be linked directly to a bank account. The idea that you have to be reliant on credit is a problem in itself, which makes the market for these companies to exploit. I am actually quite interested to see how the credit juggernaughts will bastardize the idea of a decentralized, immutable ledger to suit their own benefit. Believe me, they are better managed and more adaptable than Kodak.