☠️

The Scallywag

Gazette

🔭
The Merchant’s Mutiny: Lords of the Ledger Demanded to Cut the Golden Tether of Swipe Fees!
Signal Source: Merchants Payments CoalitionClassified Dispatch

The Merchant’s Mutiny: Lords of the Ledger Demanded to Cut the Golden Tether of Swipe Fees!

Avast, ye scurvy dogs of the ledger! News has reached the Captain’s cabin that the land-locked merchant-mariners are finally sharpening their cutlasses against the real sirens of the deep: the credit card barons. For too long, every time a swashbuckler buys a keg of grog or a new peg-leg with a bit of plastic, the duopoly of Visa and Mastercard has been skimming the cream off the top like a crew of thieving rats in the galley. Now, a desperate fleet of shopkeepers and tavern owners is laying siege to the Senate Ag Committee, demanding they hitch an amendment to the new-fangled Cryptocurrency Legislation that would finally break the stranglehold of these toll-collecting ghosts.

‘Tis a bold maneuver, indeed! These merchants are essentially trying to board two ships with one hook. They see the lords of the United States Senate debating the rules for those invisible, digital doubloons—what the landlubbers call crypto—and they’ve decided it’s the perfect vessel to carry their cargo. According to my sources, the Merchant Trade Associations are howling at the moon, claiming that the swipe fees they pay are the highest in the known world. They want more competition, more choices for routing their payments, and fewer riches flowing into the coffers of the massive banking galleons that never even set foot on a deck.

My old shipmate, Quartermaster 'Saltskin' McGhee, spat a wad of tobacco into the harbor when he heard the news. 'It’s a bloody shakedown, Captain!' he roared. 'Them card lords take a cut of the rum, a cut of the gunpowder, and a cut of the very air we breathe. If the Senate Ag Committee doesn’t let this amendment through, the merchants will be sailing into a squall with no mast!' McGhee ain't wrong. These fees aren't just copper coins; they're the difference between a merchant keeping his shop afloat or sinking into the briny deep of bankruptcy while the bankers feast on caviar and fine wine in their marble palaces.

But the wind is shifting, and the storm is brewing in the capital. The banking lobbyists are already firing their broadsides, claiming that meddling with the fees will ruin the 'security' of the treasure chests. Ha! We know a pirate’s yarn when we hear one. They just want to keep their monopoly on the trade routes. The merchants are arguing that if the Senate is going to regulate the wild frontiers of digital coins, they might as well fix the broken plumbing of the old world’s payment systems while they’re at it. It’s a classic pincer movement, aiming to force the hands of the lawmakers before the legislative season ends and everyone retreats to their summer estates.

If this amendment fails to board the ship, expect the cost of your salted pork and citrus to climb higher than a crow's nest. The merchants are tired of being the ones to walk the plank while the credit giants rake in billions in tribute. We’ll be watching the Senate Ag Committee with the intensity of a lookout spotting a Spanish treasure fleet. Will they side with the hardworking traders of the ports, or will they continue to let the card-carrying privateers loot every transaction from Tortuga to Timbuktu? Stay tuned, ye bilge-rats, for the sea is getting choppy!

Captain Iron Ink

Scallywag Gazette Seal

Signal the Fleet

Spread this word across the seven digital seas.

𝕏FB