The most used financial services company VISA, together with Maestro in the world, has officially applied to buy the Start-up company Plaid, which has undersigned many initiatives in recent years. It was only a matter of time before Plaid passed on to VISA, with all the roughness cleared up. However, the US Department of Justice stepped in. He tried to prevent this agreement on the grounds that there would be a monopoly after the sale between the two companies. After the development, VISA gave up on purchasing Plaid.
The VISA company sacrificed $5.3 billion for Plaid, which is shown as one of the most successful initiatives of recent years by creating the input interfaces of bank systems. But the US Department of Justice tried to block the deal between the two companies because it would create a monopoly. After the ministry stepped in, VISA withdrew from this sale. Anticipating that it would face long and complex lawsuits, VISA gave up on purchasing Plaid and announced to the public that the two companies would carry out joint activities in many areas in the future.