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Interview: Hamilton Helmer & Chenyi Shi on How to Build an AWS-Like Second Business
Acquired
The Evolution of the Credit Card Industry
The credit card industry evolved from branded charge cards for a particular retail store or gas station and then turned into a diners club, which is a card for many restaurants. They didn't understand that it was actually a platform where you want to cover as many types of people as possible. And Visa is one of the highest margin businesses in the world right now.
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