Is Visa Really Bad for Crypto? Polygon's Bjelic Weighs In
Main Idea
Mihailo Bjelic, co-founder of Polygon, argues that Visa's merchant fees are competitive rather than oppressive, and views its actions in the crypto sector as leveraging market power rather than being extractive.
Key Points
1. Bjelic responds to Vitalik Buterin's critique of Visa's fee practices, stating that Visa is using its competitive market power.
2. He describes gaming platforms' self-censorship as a lawful compliance or brand protection move, not oppression by Visa.
3. Bjelic suggests that Visa's involvement in crypto, including collaborations like with Tangem, reflects market dynamics rather than centralization concerns.
Description
Role of Visa in crypto has stirred debate in market, with Mihailo Bjelic backing firm
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