Will the U.S. Credit Card Industry, with Its Inflated Swipe Fees, Survive Stablecoins?
1. The Swipe Fee Problem Nobody Can Ignore Every time an American swipes their credit card, a hidden fee nibbles away at the transaction. Known as “swipe fees” or interchange fees, these costs can run between 2% and 3% per purchase. While consumers rarely see the charges directly, businesses feel the pinch—and they often pass…