The Invisible “Global Currency” That’s 24X Bigger Than Bitcoin - News Summed Up

The Invisible “Global Currency” That’s 24X Bigger Than Bitcoin


dpa/picture alliance via Getty ImagesHow many credit cards do you have? Visa and Mastercard have effectively created a universally accepted money—a “global currency.” $13 trillion flowed through their networks last year. Have you ever used Square’s (SQ) little white box that swipes credit cards? And getting a credit card no longer requires filling out piles of paperwork and answering a banker’s questions. Smartphone giant Apple (AAPL) made a splash when it debuted its shiny new titanium credit card last August.


Source: Forbes January 28, 2020 14:15 UTC



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