(ZeroHedge) Gun rights advocates warned that a new change to the credit card industry to add a firearm and ammunition-specific Merchant Category Code (MCC) for gun stores wasn’t about tracking guns necessarily, but could lead to the denial of lawful firearms purchases by law-abiding citizens.
In September, Visa, Mastercard, and American Express all said they would adopt the MCC code to categorize sales at gun shops; months later, several social media posts of alleged gun stores and customers claim they experienced card issues.
Twitter account “Battlecock Tactical” tweeted, “Federal Firearms License [gun shop] in a Facebook group shared this. Looks like the doomers accurately called how that new firearms merchant code would go down.”
As a former FFL I would strongly encourage FFL’s, dealers, retailers and consumers to start looking into Bitcoin. I’m a big fan after doing a lot of research. Transactions are peer to peer and do NOT go through a 3rd party (bank or processor). I think it’s the future of payments.
— Jason Armstrong (@jasondataviz) December 8, 2022
h/t PURA SANGRE