The European Commission has imposed a €570m fine ($648.4m) on Mastercard after it was found to be keeping lower fees inaccessible from merchants for cross-border payments. In a statement, Commissioner Margrethe Vestager said that Mastercard’s move was “harming consumers and retailers in the EU.” This scandal only shows the need to cut the middleman involved in payment processing and start using a direct, low-fee payment system like Bitcoin SV for your business.
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