[HN Gopher] Visa to acquire Brazilian startup Pismo for $1bi
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Visa to acquire Brazilian startup Pismo for $1bi
Author : jeanlucas
Score : 47 points
Date : 2023-06-28 21:51 UTC (1 hours ago)
(HTM) web link (www.pismo.io)
(TXT) w3m dump (www.pismo.io)
| rafaelturk wrote:
| My take this is all about OpenPix
| toomuchtodo wrote:
| Instant payment networks are an existential crisis for legacy
| debit and credit rails/networks.
|
| https://news.ycombinator.com/item?id=36012262
| xyst wrote:
| Visa just gobbling up all of their domestic and foreign
| competitors
| [deleted]
| seydor wrote:
| what s the role of visa in a world where CBDCs will exist?
| The28thDuck wrote:
| There is value in stable asset management. I don't foresee a
| future where credit-based systems are superseded by something
| else.
| MrPatan wrote:
| Credit? It's the (non central)bank accounts what lose meaning,
| imo
| parl_match wrote:
| A bunch:
|
| - internetwork payments
|
| - interbank payments
|
| - fraud prevention and insurance layer
|
| - retail consumer debt underwriting
|
| - payments infrastructure and endpoint standards, security, and
| deployment
|
| CBDCs do take away a fair amount of responsibility from
| existing private EFT, and I personally think can be a net
| positive, but they're a piece of the puzzle.
| josh2600 wrote:
| Hard agree.
|
| CBDCs are a substrate. There will always be integrations to
| the substrate.
|
| Ideally protocols are as simple as possible and applications
| utilize them to build bespoke services. If the protocol
| itself is too customizable it becomes extremely difficult to
| interop.
| arvindh-manian wrote:
| Do you mean insofar as people will be able to pay without
| carrying cash or using a credit card?
|
| I assume reasons will be similar to why many prefer credit
| cards to debit cards: cash flow issues, extra fraud
| protections, creating a credit history for future loans,
| rewards points, etc.
|
| The value of debit cards will be significantly diminished,
| though.
| aidenn0 wrote:
| How do CBDCs handle payment disputes? Aside from credit, that's
| a big value of a card.
| [deleted]
| notatoad wrote:
| "a world where CBDCs will exist" could also be phrased as "a
| world where CBDCs do not yet exist".
| pbreit wrote:
| Maybe smaller. Maybe larger. But that's a big assumption that
| CBDCs will exist on a broad basis anytime soon.
| genocidicbunny wrote:
| Begging the question a bit aren't we with the assumption that
| CBDCs will exist?
| toolz wrote:
| Yeah, I struggle to see how a government convinces a
| population that they should switch to a currency where every
| penny they spend can be traced.
| Etheryte wrote:
| For context, CBDC stands for central bank digital currency,
| e.g. https://www.dnb.nl/en/innovations-in-payments-and-
| banking/di...
| pbarnes_1 wrote:
| Tech is never the hard part in payments.
| grantsch wrote:
| Dude do you not have a credit or debit card?
|
| Seriously asking
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(page generated 2023-06-28 23:00 UTC)