Indeed. At which point then, it would be trying to figure out ways to make the processing software censorship-resistant. Either that, or you'd be building your own credit/debit card company, which is a whole other huge task and is why crypto like Bitcoin is becoming more popular.
Any central point is a weakness. Even if you created a new CC with huge acceptance, the various governments would strangle you with rules and penalties, perhaps literally if you don't play ball.
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