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.

我花了幾個小時來尋找 Solana 上最好的新銀行 大多數都有隱藏費用，但有些會改變你的生活 ▫️ @KASTxyz: Kast 提供各種年費從 $0 開始的借記卡。享受現金回饋和積分，這些積分可以用來獲得空投。也提供銀行轉帳服務。 ▫️ @AviciMoney: Avici 是一個通過 MetaDAO 推出的新新銀行，旨在橋接加密貨幣和法幣。這是一個全托管錢包，讓你可以隨時隨地花錢和轉帳。 ▫️ @Revolut: Revolut 是歐洲最受歡迎的新銀行。它不是非托管的，加密存款可能需要更長的時間。就花費而言，它是最便宜的。 ▫️ @offgridcash: Off-Grid 是第一個專注於隱私的新銀行，無需 KYC。等候名單現在已開放。 ▫️ @GetPyra: 使用 Pyra，你的資產保留在自我托管的 DeFi 帳戶中。當你刷卡時，你並不是在出售你的加密貨幣，而是在以它為抵押借款。 ▫️ @surfcashx: Surfcash 是第一個專為數位遊牧民族設計的新銀行，無縫連接加密貨幣與泰國的 PromptPay 和越南的 VietQR 等地區金融服務。 ▫️ @xplaceapp: 自稱為 Solana 的第一張真正的信用卡，擁有如貴賓室進入、積分和現金回饋等福利。確實，低外匯費用和借用資產的選項。 我期待的另一個新銀行是 @stealf_finance，它讓你可以進行由 Arcium 的去中心化超級計算機支持的匿名交易。