34: Square Becomes BLOCK, Future Of Twitter, Web 3 Music + Jack Dorsey Appreciation
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Credit Card Processing
30 million small businesses in he us. With sales of less than a undred thousand dollars. They can't handle the credit card fees, right? Like those will just eat into them and crush them. So they create this dongo around two thousand and nine. It's maybe like ten, 15 times cheaper for that smaller merchant. The way the price ting momtly worked anyway, er to be up. so it makes it feasible for them to use credit cards.
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