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Comment on Europe’s $24 Trillion Breakup With Visa and Mastercard Has Begun

wabasso@lemmy.ca ⁨3⁩ ⁨weeks⁩ ago

Interac isn’t too bad right? I agree with you that sort of service should be public, but I heard (years ago) that Interac is non-profit.

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UnderpantsWeevil@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

Interac is non-profit.

OpenAI started out as non-profit. Quite a few health insurance companies (Blue Cross Blue Shield, for instance) are organized as non-profits.

shrug

Still, talking to vendors, it sounds like the fees are quite low, and I try to pay debit when it’s a small business.

Sure. All good when it works for you. But this isn’t some kind of wholesale replacement for Visa that doesn’t run the obvious risk of becoming Visa 2.0 (or whatever X.0 iteration of credit card companies we’re currently on).

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- wabasso@lemmy.ca ⁨3⁩ ⁨weeks⁩ ago
  One of the things I heard Musk say was that it shouldn’t be possible for a non-profit to just be converted into for-profit. Have to agree with him on that.
  
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  - UnderpantsWeevil@lemmy.world ⁨3⁩ ⁨weeks⁩ ago
    Musk was upset that his control over the company would be ceded to a broader pool of public investors. He’s got no problem with privatization and securitization when it fattens his wallet.
    
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    wabasso@lemmy.ca ⁨3⁩ ⁨weeks⁩ ago
    That indeed helps maintain a more consistent picture of how he’s a douche. Still sucks a benevolent founder of a non-profit can’t stop enshittification in the long run.
    
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