Still, Visa and Mastercard have a lot of power so kudos to Kroger for exploring options.
From Norway's CCN (crypto and more)
Major US grocery chain Kroger recently banned Visa from a regional supermarket in protest of the payment processor’s “excessive transaction fees,” announcing that hundreds of stores and fueling stations would halt Visa payments in April. However, the story has taken a surprising turn, with Kroger representatives reportedly considering Bitcoin’s Lightning Network as one potential alternative payment system.Morgan Creek: Kroger Should Replace Visa with BitcoinMorgan Creek Digital partner, Bitcoin evangelist, and popular podcast host Anthony Pompliano got the ball rolling when he said that his team was willing to fly to meet Kroger executives to discuss the use case of Lightning Network-enabled Bitcoin as a low-fee alternative to Visa.
Pompliano then updated his nearly 200,000 Twitter followers on March 3, revealing that he had personally spoken to a Kroger Digital representative about helping the grocery chain add crypto payments.
Kroger Puts Credit Card Cartel on Notice
Kroger stated on March 1 that 142 supermarkets and 108 fuel center locations would stop accepting Visa by April 3 in order to maintain low prices for customers. Visa is by far the world’s largest credit card issuer with 323 million users compared to 191 million Mastercard users, making the ban a bold move on Kroger’s part....MORE
