Justice Department accuses Visa of debit network monopoly that impacts price of 'nearly everything’
Justice Department accuses Visa of debit network monopoly that impacts price of 'nearly everything’
Visa and MasterCard have surged in the past two decades, reaching a combined $1 trillion market cap. That has attracted unwanted attention from regulators.
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The DOJ isn't going after this, but VISA is also the source of all these fucking porn bans on like Tumblr and shit because if you want to be able to use their payment processing, you also have to follow their fucking puritan ass values.
Honestly, if this kicks that secondary issue in its ass, that's amazing.
I don't think it will help with that, the war on pornography is only going to get worse.
Not exactly puritan to expect that if you’re serving porn you’ve done at least the base line vetting to make sure it’s not child porn or non-consensual.
No, puritan ass values like not being a porn site. It is the government's job to regulate illegal content, not payment processors.
Then what about the fact they also ban payments for legalized weed? Nothing CP or non-consensual there.
Because weed is still federally illegal. So regardless of what each individual state says, Visa is beholden to federal law, just like banks.
Weed is not legal, unfortunately, so that one actually makes sense.