This is factually incorrect. In practice, rewards don’t come from card networks being generous. They’re funded in three main ways: > Merchants fund a large part of rewards Many rewards are effectively merchant-paid. Merchants agree to higher fees or marketing programs to boost sales, visibility, or conversion. When I was at Amex, we used to run these programs where, merchants routinely paid to run offers and reward boosts because cards drive demand. > Consumer leakage pays for power users A lot of cardholders don’t optimize: - they pay annual fees - they revolve balances and pay interest - they don’t redeem points efficiently That money subsidizes the rewards for people who use cards “well.” If everyone maximized rewards, the system wouldn’t work. > Interchange is recycled to lock in the network: Visa, Mastercard, etc collect interchange and then give parts of it back as incentives to issuers and acquirers to onboard users and merchants. This isn’t neutral alignment, it’s strategic redistribution to keep the network dominant. Cards are an incredible network effect, but not because incentives are fairly aligned. They work because merchants have the least bargaining power, consumers are financially inefficient, banks monetize credit and float, and networks sit in the middle at near-zero marginal cost.

我花了几个小时寻找Solana上最好的新银行 大多数都有隐藏费用，但有些会改变你的生活 ▫️ @KASTxyz: Kast提供各种年费为$0的借记卡。享受现金返还和积分，最终可获得空投。也提供银行转账服务。 ▫️ @AviciMoney: Avici是一个通过MetaDAO推出的新新银行，旨在连接加密货币和法币。它是一个全托管钱包，让你可以随时随地花钱和转账。 ▫️ @Revolut: Revolut是欧洲最受欢迎的新银行。它不是非托管的，加密存款可能需要更长时间。就消费而言，它是最便宜的。 ▫️ @offgridcash: Off-Grid是Solana上首个以隐私为中心的新银行，不需要KYC。等待名单现已开放。 ▫️ @GetPyra: 使用Pyra，你的资产保存在自我托管的DeFi账户中。当你刷卡时，你并不是在出售你的加密货币，而是在以此借款。 ▫️ @surfcashx: Surfcash是首个专为数字游民设计的新银行，能够无缝连接加密货币与地区金融服务，如泰国的PromptPay和越南的VietQR。 ▫️ @xplaceapp: 自称为Solana的第一张真正信用卡，提供诸如休息室访问、积分和现金返还等福利。确实，低外汇费用和借款选项。 我期待的另一个新银行是@stealf_finance，它让你可以进行由Arcium的去中心化超级计算机支持的匿名交易。