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No, the monopoly is natural and obvious. It would have always happened.

Do you, as a developer, want to wrangle together 20 different payment processors so you can sell shitty 100% polyester T-shirts? No.

Do I, as a customer, want to have to carry around 20 different cards just so I have a chance at being able to pay at an arbitrary merchant? No.

And do I, as a business, want to pay for the additional complexity of managing fees across so many processors? No.

So everyone actually wants the same thing: very, very few payment processors.



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