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From all the "protection through credit cards" talk (which is a new concept to my German socialization - credit cards have a pretty bad rap here), it seems to me that in the US it's easier to counter risks by adding a middle man (yay, layers of abstractions, all with extra costs) than fixing the root cause.

Because here, we enjoy a reasonably fast, cheap and secure electronic direct debit system since the early 80s (only now replaced by a EU wide system that works pretty much the same) that was built by merchants and banks. Credit cards never managed to seriously make a dent in that market.




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