New credit card makes change

**RU Joe** · 11-11-2011, 02:54 PM

We're all feeling the economic pinch.
{more like a punch if you ask me}
So here's a guy who decided to take advantage of the situation, and his idea may actually bring about great changes to the way people do online transactions.

Quote:

Unlike PayPal, Dwolla doesn't take a percentage of the transaction.
It only asks for $0.25 whether it's moving $1 or $1,000.

Quote:

We're building a human network based on how we think the future of payments will work.
The current model needs to be blown up.

I couldn't agree more.
What do you guys think?

This 28-Year-Old's Startup Is Moving $350 Million And Wants To Completely Kill Credit Cards - Yahoo! Canada Finance

**jim5cents** · 11-11-2011, 03:11 PM

So, how long until the credit card companies buy him out?

And after reading the article, how long until they lobby and get some law passed that will give this group trouble?

**RU Joe** · 11-11-2011, 03:29 PM

Quote:

Originally Posted by jim5cents

So, how long until the credit card companies buy him out?

And after reading the article, how long until they lobby and get some law passed that will give this group trouble?

That's what I'm wondering as well.
Or they could give them the Chiquita treatment.
Remember what they did to that company?

I still have hope that this and other such attempts to change the corrupt system will eventually take hold.