New top story on Hacker News: Ask HN: Do we need to pay billions in fees to Stripe, Block, PayPal and Visa/MC?

Ask HN: Do we need to pay billions in fees to Stripe, Block, PayPal and Visa/MC?
57 by OnuRC | 86 comments on Hacker News.
In total these companies have profit in double digit billions! That's all coming from inefficiency and lack of real competition? is it totally necessary? does anyone think it possible to rival them in a decade with enough funding?

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