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Visa and mastercard are already skimming a portion of all payments via their systems. So if we are moving to a cashless society, should this not be state owned infrastructure? Imagine a future where no cash exists and the large banks and card networks coown the infrastructure for all payments, taking their cut. I feel that cash is an important competitor to prevent this from happening. but unfortunately as with most things it's use it or lose it.


The government is not a bank, a technology infrastructure provider, or anything of the sort. They should absolutely not be running payment networks.


The state runs/owns a lot of infrastructure.




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