Wonder what this'll cost though
Wonder what this'll cost though
Yes... but if payment processors are going to be charged in criminal cases that involve the use of their systems for purchasing things that are illegal, then they have an interest in not being in that situation.
From earlier this year:
https://www.reuters.com/world/us/us-whistleblower-says-maste...
> Jan 24 (Reuters) - Mastercard and Visa failed to stop their payment networks from laundering proceeds from child sexual abuse material and sex trafficking on the popular website OnlyFans, according to allegations in a previously undisclosed whistleblower complaint filed with the U.S. Treasury’s financial crimes unit.
> The whistleblower, a senior compliance expert in the credit card and banking industries, said the two giant card companies knew their networks were being used to pay for illegal content on the porn-driven site since at least 2021, and accused them of “turning a blind eye to flows of illicit revenue.”
And from 2022:
https://corporate.visa.com/en/sites/visa-perspectives/compan...
> On Friday, July 29, a federal court issued a decision in ongoing litigation involving MindGeek, the owner of Pornhub and other websites. In this pre-trial decision, the court denied Visa’s motion to be removed from the case on a theory that Visa was complicit in MindGeek’s actions because Visa payment cards were used to pay for advertising on MindGeek sites, among other claims. We strongly disagree with this decision and are confident in our position.
Given this, it is a completely reasonable position for payment processors to decide not to touch anything that they can be brought into legal liability.
They'd likely prefer not being gatekeepers of money, but if they're going to be brought into a court and sued each time someone uses them to purchase something that may be illegal, they're going to take steps to not be brought into court.
The rich don’t need to cram more people in, everyone else does. True?
Some may argue that the rich help in the supply by building new houses, but that makes them even richer. If it doesn't, they don't bother (a point from this article).
Edit: The company press release is much clearer: https://stateraenergy.co.uk/news/thurrock-energisation The storage is 300 MWh, but it can deliver a peak of 600 MW/h (presumably for half an hour).
Power is 300MW (300000000 Joules/second), which it can deliver for 2 hours, so capacity (energy contained in the device) is 600 MWh (or 2160000000000 Joules)