this post was submitted on 27 Jul 2025
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Yep. Just because one side is bad, it doesn't mean the other is any good.
Cryptocurrency is still dependent of a pyramid scheme and criminals-enabling. Credit card companies are still a private owned government branch with no concern for human rights and criminals-enabling.
I learned recently FedNow is a payment processor ran by the Federal Reserve, with a fee of $0.043 per transaction. Making it much, much cheaper than every other payment processor out there.
It just launched two years ago; I'm wondering if this might become more of a thing moving forward for digital payments.
Say that any louder and it’ll be DOGEd overnight.
Nice but floundered. Call me when consumers and small businesses can use it.
It's also a heck of a lot quicker to process, (effectively instant) and works even on holidays.
And of course, banks like Bank of America, Capital One, and tons of other financial institutions simply refuse to use it, because that would mean spending money on changing their infrastructure, and making it more convenient for people to also use accounts outside of theirs.
Seriously, it's been ages, and they've refused to use it at all, even though it's purely a financial and technical upside for every user once it's implemented.
You pay fees for transactions?
Every digital payment has transaction fees, yes.
Credit card transaction fees for vendors are generally 1-3%, for example.
If you say so.
Which digital payment doesn't have transaction fees?
Credit cards (vendor side), debit cards (vendor side), and crypto (consumer side) all have transaction fees. Paypal, venmo, etc all make their money from (vendor side) transaction fees as well. Is there a different type of digital payment you are using that doesn't have transaction fees?
Criminals-enabling is what they call VPNs, E2EE encrypted communication etc.
more and more good people are being called criminals
As we all know, Visa and MasterCard have never been used by criminals. As soon as a criminal touches a card, the card turns into ash.
Reading isn't your strong suit, is it?
Yep, but cryptocurrency isn't dictating what you can spend with it...yet at least. So if no government does anything to help us, then we must adopt a cryptocurrencies like Monero to fight back against censorship as nothing more than a private citizen.