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RE: Visa hires blockchain specialists as they too adopt DLT
Payment processing firms like Visa have no option but to explore alternatives as their business model is being rendered obsolete if adopted broadly. Given how merchants are always seeking ways to improve margins, it is only a matter of time until they realize that blockchain is the solution for fast and cheap transaction processing!
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They will have a hard time giving up the massive charge they pretty much steal from their clients while offering a service of substantially less quality than any crypto-based solution.