The continuing debate about Visa’s merchant payments has drawn the fervour of Mihailo Bjelic, truly one of Polygon’s co-founders. In a put up on X, Bjelic has expressed confusion over the labeling of Visa as oppressive in its business way.
Bjelic: Visa’s merchant payments are aggressive, not oppressive
The Polygon co-founder had to weigh in on the discussion after Vitalik Buterin of Ethereum highlighted Visa’s apply in the monetary condo. Seriously, Buterin identified that Visa extracts just a few proportion aspects from point-of-sale transactions thru merchant payments.
Nonetheless, Bjelic argues that Visa’s apply handiest suggests it’s a ways leveraging its aggressive market vitality. As such, it would possibly maybe maybe presumably well very properly be inaccurate to aid in mind the apply as oppressive or immoral for the crypto sector. He maintains that it’d be belief to be extractive, however it completely is a frequent business breeze.
#1 will seemingly be extractive, not oppressive?
Re: #2, if I label correctly, 2 gaming platforms self-censored some adult games (at the side of RAPE and INCEST games), in dread that Visa would possibly maybe presumably well ban them? Person-facing products want to alter to authorized pointers, is that oppressive (and win negative)?
— Mihailo Bjelic (@MihailoBjelic) August 9, 2025
Commenting on gaming platforms’ fight against the fee big, Bjelic maintains that two sites determined to rob away adult games from their offerings. He considers that a “self-censoring breeze” to reduce business menace.
Constant with Bjelic, this kind of trend would maybe very properly be belief to be as trusty compliance or price protection. The Polygon co-founder maintains, it’d be unethical to quiz Visa or any crypto pockets to enhance payments for games that promote rape and incest.
He insisted that even supposing it limits certain stutter online, it’s a ways smooth not as oppressive or immoral as some folk aid in mind it.
Is there looming centralization explain?
The controversy would possibly maybe presumably well need been caused by centralization concerns. For the explanation that crypto condo flourishes on decentralization, some would possibly maybe presumably well aid in mind these traits as attempts by Visa to aid watch over. The fee big has endured to manufacture moves in the crypto sector.
No longer too prolonged ago, Visa collaborated with Tangem on a notable hardware pockets and bank card integration. The breeze will abet blur the line between crypto and fiat payments. It targets to manufacture payments a seamless transaction.
