This new cryptocurrency could really hurt VISA’s “stealth tax”
Every time you make a card payment online, the card networks and payment processors are taking a bit of your money. You don’t see this happening, but it’s hitting you right in the wallet. VISA and Mastercard might feel like convenient ways to pay. But in reality, they work like the hated “stealth taxes” – taking your money, without you noticing. Today, we’re talking to the founder of a new cryptocurrency firm, who’s hoping to change this – forever. Here at Exponential Investor, we frequently cover cryptocurrencies and blockchain – because they’re starting to really affect global markets. My colleague Sam Volkering has been very consistent in his efforts to help readers profit from this new sector. Since bitcoin was created in 2009, many cryptocurrencies have popped up trying to replicate the original concept, while improving it. This can be through faster transaction speeds (Litecoin) or better privacy (Monero/Zcash). Price volatility is one of the main limitations on such cu...