Mastercard’s ties to the esports world have led to more evidence of censorship. A source leaked messages from the Riot Games sponsor to livestream channels during the Valorant Champions Tour. The payment processor asked moderators to delete messages accusing it of forcing the ban of Steam games.
FedNow became a thing just two years ago. With transaction fees of just $0.043/transaction, it’s cheaper than every other payment processor out there. Hopefully it can gain adoption and push out Visa/Mastercard.
What prevents them from getting bigger and doing the same thing. This cycle of sadomasochism needs to stop at the root cause.
FedNow is ran by the Federal Reserve. They are almost certainly going to retain stricter regulation than independently operated payment processors.
Interesting. Good to have a less rent-seeking option, not sure I love the idea of the Fed just (assumedly) having access to all my transactions, though.