Why shouldn’t the payment processors get a say in the payments they process? Illegal or not, why should they be forced to process payments that facilitate things against their beliefs?
Because they hold an effective monopoly over the payment process.
But they don’t hold a monopoly. And at least for now, they are private businesses. If your argument is that they should be nationalized, that’s a different conversation and I think we’d agree on more.
Because they hold an effective monopoly over the payment process.
But they don’t hold a monopoly. And at least for now, they are private businesses. If your argument is that they should be nationalized, that’s a different conversation and I think we’d agree on more.
A duopoly or any oligopoly is effectively the same as a monopoly.