based on materials from the site -
By U_Today
The ongoing debates about Visa's trading fees have caught the attention of Mihailo Bjelic, one of the co-founders of Polygon. In a post on X, Bjelic expressed confusion over Visa being labeled as repressive in its business approach.
Bjelic: Visa's trading fees are competitive, not repressive
The co-founder of Polygon felt compelled to speak out on this after Vitalik Buterin from Ethereum shed light on Visa's practices in the financial sphere. In particular, Buterin noted that Visa takes several percentage points from transactions at points of sale through trading fees.
However, Bjelic argues that Visa's practice merely assumes the use of its competitive advantage in the market. Thus, considering this practice as repressive or negative for the cryptocurrency sector may be incorrect. He claims it can be seen as extracting, but that is a normal business move.
#1 can be extracting and not repressive? Re: #2, if I understand correctly, two gaming platforms self-censored some adult games (including games with rape and incest), fearing that Visa might ban them? Consumer products must comply with the law. Is this repressive (and ultimately negative)?
— Mihailo Bjelic (@MihailoBjelic) August 9, 2025
Commenting on the struggle of gaming platforms with the payment giant, Bjelic claims that two sites decided to remove adult games from their offerings. He sees this as a 'self-censorship step' to reduce business risks.
According to Bjelic, such a development can be viewed as compliance with legislation or brand protection. The co-founder of Polygon asserts that it would be unethical to expect Visa or any other cryptocurrency wallet to support payments for games promoting rape and incest.
He insists that, despite limiting certain online content, it is still not as repressive or bad as some think.
Perhaps the cause of the disputes lies in concerns about centralization. As the cryptocurrency space thrives on decentralization, some may view these events as attempts by Visa to establish control. The payment giant continues to take steps in the crypto industry.
Recently, Visa, together with Tangem, developed a remarkable hardware wallet and credit card integration. This move will help blur the line between cryptocurrency and fiat payments. The goal of the project is to make payments seamless.
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