• GalacticHero@lemmy.world
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    1 day ago

    Sure, but there are so few payment processors that even a single one refusing to do business with you can be a real problem for a business. Even Valve, a big and influential company, has little choice but to capitulate to PayPal. Visa and Mastercard have even more power.

    There are too many problems with crypto for it to be a viable alternative, but there’s no good way for me to pay a business (when cash isn’t an option) that doesn’t require the involvement of a third party. Limited competition means those third parties have too much power. I don’t know what it is, but there has to be a solution for that.