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Friday, July 02, 2021 12:09:01 AM
I can only discount an idea if there is plausible way to discount an idea - based upon much DD, this still has not been ruled out. Thus it is still a possibility.
If when MJ becomes FULLY legal (for all), then it will become a simple transaction, thus follow the same rules as all other merchant coded product, and become too expensive to have its own platform - thus like most things will (could) move over to an already designated platform - like VISA. Notice I said fully legal (no additional or necessary coding or compliance).
The question I ask myself: With so much money to be made with compliance, and the fact that VISA is not able to CURRENTLY process in house, WHY....WHY after its legal, and they have no threat of crossing the Government line and losing their government contracts, would they NOT attack as quickly as possible. Remember once fully legal (or partially based on fundamental rules), would VISA just throw away so much money (Millions) by NOT maintaining a system they already have in place to process MJ.
One scenario is simply they will buy out current businesses and be king of the playground, as they already mostly do.
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