Plus One For Crypto: Mastercard Fined $650m For Inflating Fees

One of the primary driving forces behind the adoption of cryptocurrencies is to liberate ourselves from excessive bank and credit card charges. Today’s news that the European Union has just levied a $650 million fine on Mastercard for purposefully increasing charges just reinforces that premise.

According to the WSJ the European Commission fine the credit card company 570 million Euros (around $650 million) for breaching antitrust rules by raising payment processing fees artificially, which lead to higher prices for retailers and consumers.

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