This doesn't mention that Visa rewards are subsidized by a ~1-3% fee that is payed by the vendor, and paints the picture that somehow Visa is away something for nothing. [1]
[1] https://www.vox.com/the-goods/22454885/who-pays-for-credit-c...
Unfortunately both Bitcoin and Visa have highly entrenched incumbents who would never allow this kind of thing to happen.
The state owned one, which is free and takes less than 15 minutes.
The bank owned network, which costs from $0 to $2 depending on the bank and is instant.
> This doesn't mention that Visa rewards are subsidized by a ~1-3% fee that is payed by the vendor, and paints the picture that somehow Visa is away something for nothing. [1]
The fees start at 3% for the formerly local bank network, and to up to 5% for the bank that has the AMEX exclusive agreement in El Salvador
> don't forget the 19.99% or higher interest paid by users of visa cards who cant or forget to make payments.
And up to 39.99% APY for introductory credit cards in El Salvador.