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BTC133: Creating a New Libor on Bitcoin w/ Jesse Shrader (Bitcoin Podcast)
We Study Billionaires - The Investor’s Podcast Network
The Barriers to Entry for Competitors
Visa settles $5 trillion worth of payments every single year. Visa used to be a nonprofit and it is now a private company. It is using the same technology that was set up back in the 1970s. So there really hasn't been a whole lot of innovation that's happened in terms of payments. The merchant is actually going to pay about 3% of the transaction just to make that settlement happen.
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