Why the resistance anyway? Simple answer: competition.



For traditional financial players, payments aren't just a service—they're a cash machine. Consider the numbers: banks raked in $176 billion in interest alone on Fed reserves during 2024. Merchants? They're getting hammered with record-high card processing fees.

When you've built an empire on these margins, any threat to the status quo triggers a defensive reaction. New payment systems? Digital alternatives? They're not just competition—they're a direct hit to the profit engine that's kept the system humming for decades.
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BearMarketBardvip
· 5h ago
Exactly, it's just the interest groups holding tightly, enjoying the 17.6 billion in interest for free.
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just_here_for_vibesvip
· 5h ago
Old banks are like this, guarding their money bags and afraid of losing their jobs.
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ETHmaxi_NoFiltervip
· 5h ago
Basically, it's just interest groups protecting their own cheese. Who would be willing to move the $17.6 billion cake?
View OriginalReply0
StablecoinEnjoyervip
· 5h ago
Banks survive by charging fees, and now they're panicking.
View OriginalReply0
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