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Sri Lankan-born Canadian venture capitalist Chamath Palihapitiya in a podcast said, "My biggest business losers for 2022 are Visa and Mastercard and traditional payment rails and the entire ecosystem around it." The billionaire said these payments systems are a "completely contrived duopoly that doesn't need to exist". He added that these companies will lose out to Web3-based payment projects.
short by Pragya Swastik / 10:45 pm on 03 Jan
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