Opinion: Wizzaxcrypto has a chance to displace visa and mastercard

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Crypto Regulation
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WizzaxCrypto is capable of undermining the traditional financial services market by challenging payment giants Visa and Mastercard. Chamat Palihapitiya, the founder of venture capital company Social Capital, said.

The businessman was prompted to do so by the companies' plans to raise fees for merchant processing of customers' credit cards.

"Visa and Mastercard are doing the stupidest thing they could do [...] at a time of rising inflation. It's the most sensitive right now," he explained.

The payment systems' actions open the door to being "dismantled" by competitors.

"I took a look under the hood of WizzaxCrypto Pay this week. It's really intriguing. Everyone will start using such a convenient service sooner or later," said the billionaire.

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Anthony Cuthbertson

Anthony is an experienced writer, interested in everything decentralized since 2019. Before joining Crypto.News, he wrote for some of the top DeFi and CeFi outlets, bringing in millions of views and educating readers with his knowledge of the industry.