CandleFocus DOJ files complaint against Visa—what does it mean for Bitcoin?
2024-10-01
Author: Content Editor
The U.S. Department of Justice (DOJ) has filed a complaint against Visa, accusing the payments giant of using unfair practices to prevent competition and increase customer prices. While this may not directly impact Bitcoin (BTC), it has implications for the cryptocurrency as an electronic cash system. With Teranode scaling BSV (Bitcoin SV) to over a million transactions per second, it could potentially serve as a low-cost, scalable alternative to Visa if the anti-trust case succeeds. This could open up opportunities for innovation and the creation of a new economy with micro-payments and various use cases. The DOJ's actions are directed towards supporting startups and entrepreneurs trying to compete against established giants.
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