US retail giant, Kroger, is no longer accepting Visa credit cards at its chain of Smith’s food and drug stores. So Anthony Pompliano tweeted an offer to hook them up with Bitcoin’s Lightning Network nationwide.
Fees-a Not Accepted Here
It all started on Friday when Kroger announced the move to no longer accept Visa credit cards, citing excessive fees. The Smith’s chain comprises 134 food and drug stores across 7 states, employing 20,000 staff.
Card fees charged by Visa are higher at Smith’s than any other credit card brand, explained Kroger CFO, Mike Schlotman:
Visa has been misusing its position and charging retailers excessive fees for a long time.
Visa is actually due to increase fees for the banks processing card payments on behalf of merchants in April.
Pomp And Circumstance
In the circumstances, it seemed only natural for somebody to suggest a crypto alternative, and Pompliano rose to the occasion. “Who knows someone on the leadership team there?” he tweeted.
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