Jack Mallers Slams Visa and Mastercard Fees, Pitches Bitcoin as Better Money Railing
Jack Mallers used the Bitcoin 2026 Conference to take a sledgehammer to the legacy payments stack, arguing that Visa and Mastercard have spent years squeezing merchants with hefty fees while dressing up those costs as consumer “rewards.” Merchant fees: Mallers says card networks take 3% to 5% per transaction Hidden cost: cashback, miles, and perks […]
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