Does this news worry you? Or are you less concerned with one company responsible for processing millions of transactions?
Understanding the way payments work is quite revealing in some cases. as it explains how a handful of companies make money off millions of transactions around the world. For example, very few people are aware of how PayPal is making a ton of money through their BrainTree hub, which is used for mobile payments by services such as Uber and AirBnb. A lot of revenue is generated for this one company powering a lot of payment options all over the world, and this type of centralization is not good news.
http://bitcoinist.net/paypal-centralizes-payment-processing-uber-airbnb/
Topic: [2016-04-05] PayPal Centralizes Payment Processing For Uber And AirBnb (Read 215 times)
March 05, 2016, 09:31:21 AM
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