AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
3min chapter
Bitcoin
Acquired
The Credit Card Industry Is a Big Tax on the System
David Bianculli: Credit card companies make a ton of money building in transaction fees to account for all the fraud that they have to deal with. There was, in twenty eighteen, there was twenty eight billion dollars of credit card fraud in the u.S., he says. But what if i told you there was another system out there, something that was natively designed for the internet, that works just like emale? You can give me your address, i can send you money, but not take yours. Nobody can charge back the transaction or invalidateit, or claim that there's any fraud, any of that. Does that sound interesting? Does it sound like it might
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode