every industry is regulated to a certain degree. making something a utility is a step change difference.
interchange in the US is not regulated outside the Durbin Amendment for debit interchange for large banks.
Visa and MC are way too lightly regulated when they are the gate keepers to a cashless world due to what I would consider a historical accident. No reason why these networks shouldn’t be utilities in a cashless world.
interchange in the US is not regulated outside the Durbin Amendment for debit interchange for large banks.
Visa and MC are way too lightly regulated when they are the gate keepers to a cashless world due to what I would consider a historical accident. No reason why these networks shouldn’t be utilities in a cashless world.