Visa

“My biggest business loser for 20, 22 is Visa and MasterCard and traditional payment rails and the entire ecosystem around it.”

“Visa and MasterCard, I think are doing the single dumbest thing they could do by being a duopoly, which is raising prices, especially into an inflationary moment, which just lacks complete knowledge and sensitivity of the moment.”

“Stablecoin usage. At the end of the second quarter of 2024 was about 1.1 billion transactions that summed to 8.5 trillion dollars of transaction volume. If you compare that to Visa over the same period, it was more than double Visa's transaction volume.”

“My, like contrary opinion is that I think Visa and MasterCard are more technology companies, and if you look at their, like, profit margin on the gross payment volume, it's like 10 basis points. It's like vapor. I think the issuer and receiver bank, those are …”

“If they could remove the banks out of the loop and just do stable cone transfers behind the scenes, I think they become a lot more successful and they can do a lot more for, you know, a lot less.”

“Stripe, Visa, everybody's gonna have their own stable coin.”

“After this piece came out, which speculated that agents would get rid of all the three percent interchange fees and move everybody to settle transactions on stablecoins, all the financial stocks got hit on Monday. Amex down eight percent, Capital One down eigh…”

“What is the only kind of baby that Advent and Stripe and Block could have together? And I think there's one, which is you are creating a competitor to Visa and MasterCard.”