Yeah they're definitely not in it out of love of small merchants. A lot of merchants don't even realize that if someone selects "credit' on their POS the merchant is charged much more than for debit, even if the customer is using a debit card.
Paying them $10,000 up front, Visa obviously realizes that the multiple of this that they're going to get back in transaction fees is massive. I am sure they know exactly how many days or weeks on average it will take for them to make that $10k back for every business they reach out to.
What they don't have that cryptos do is privacy and untraceability, well, among other things.
Cash has this as well for the most part.....I think this is becoming the underlying issue. if you also have to obtain cryptocurrencies with a credit/debit card then there is a starting point for big bro.
Yeah good point. Have to say I may be involved in internet and mobile marketing and now cryptocurrencies, but I have a wide Luddite streak in me. Part of me never wants to part with good ol' cash. Maybe it's something about stacking all my coins as a child. I used to love to put all my money into stacks by denomination and write down the totals. And I feel safer with a bit of paper money in my pocket. Probably in a generation or two no one will remember that feeling and we'll go completely cashless.