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I checked the FT link pasted in this thread, and the founder seems to claim that it was an issue strictly with the banks, not with the payment processors:

>“We’re already fully compliant with the new Mastercard rules, so that had no bearing on the decision,” he said.

https://www.ft.com/content/7b8ce71c-a87a-440e-9f3d-58069ca04...

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At this point, I don't take any of the press releases at face value beyond the immediate effects they describe - all I know is they announced a future ban on adult content and then reversed course.

> “We’re already fully compliant with the new Mastercard rules, so that had no bearing on the decision,”

Reading between the lines, that could easily mean "We're already fully compliant with MC's rules but they still won't let the banks do business with us, so we needed to put publish pressure on MC"

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