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Pix, UPI, etc have definitively shown that Governments are the best players to disrupt the Visa/Mastercard duopoly.

I agree, and I hope initiatives like the Digital Euro [0] will have success soon.

[0] https://www.ecb.europa.eu/euro/digital_euro/html/index.en.ht...

I do not think that it will fix these issues, but I gurantee you that in this present box some additional things will be brought to you ;-)

There might be survivorship bias here. One could also argue that Governments are the best players to get and maintain a monopoly or duopoly (:

Well, that's definitely true, and it's also how the MasterCard and Visa monopoly remains dominant. Just look at the extreme backlash of Trump's administration against the Brazilian Central Bank's plans to sell the Pix protocol abroad.

There’s a geopolitical reason for this. Ability to print a world reserve currency and apply sanctions to control capital flow are among the primary tools of American power.

Yes, I'm aware. The dominance of the dollar and the US financial services corporations is no accident.

This further reinforces that it's a government that's maintaining the Visa/Mastercard duopoly and it will be governments that break it.

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