Shocking that it has come to this. Europe looking at the same..UK should join Europe in that regard. Also EU looking to lessen dependency on US software…crazy times
Gendryll on
Canada should do the same.
Edit: full disclosure, I totally shot from the hip here, forgot about interac, but am very used to inputting CC information and selecting either visa or MasterCard, which is where my confusion came from.
Given how unreliable a partner the US has become, and every chance of becoming even more unreliable in future, basic self interest requires up to decouple from the US and prepare backups to keep everything functioning in the event they try to collapse our and other European economies in revenge for a imagined slight.
Gentle_Snail on
Visa and Mastercard have had a monopoly for too long, even if the US wasn’t growing increasingly unreliable this is a great move.
Savage-September on
ABOUT TIME!!!!!!!
Yankee go home!
Gentle_Snail on
An interesting element of this project is although its being orchestrated by the government, its actually being funded by the big London banks themselves, who see not having it as an existential threat.
Edexote on
There are European countries that have banking systems alternative to VISA for multiple decades now. Ask them how they did it.
G_UK on
Great idea. Let’s ditch Visa and Mastercard
LifeFeckinBrilliant on
At fucking last!!!! Make sure it’s integrated with the EU…
yepthisismyusername on
This orange mother fucker is just impressive. He’s going to songle-handedly crash the international vale of Visa and MasterCard. What a fucking tool.
waltz_with_potatoes on
Europe and UK need to look at Brazil and copy Pix.
Stingerc on
Brazil already set up a free to use payment method called Pix run by their central bank that now accounts for about 71% of all electronic payments in Brazil.
Mexico rolled out theirs last years with guidance from Brazil.
Visa and Mastercard are both livid because if it works there the two largest economies in Latin America will be lost to them.
I’m more than certain the EU central bank is also paying close attention to how this develops too.
SankaraMarx on
They will most likely also integrate with BRICS Pay somewhere in the future
Fovvy2 on
Headline is a bit misleading, from the article „with Visa and Mastercard working within the initiative“. What’s the point?
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17 Kommentare
Shocking that it has come to this. Europe looking at the same..UK should join Europe in that regard. Also EU looking to lessen dependency on US software…crazy times
Canada should do the same.
Edit: full disclosure, I totally shot from the hip here, forgot about interac, but am very used to inputting CC information and selecting either visa or MasterCard, which is where my confusion came from.
Good move.
https://en.wikipedia.org/wiki/Wero_(payment) we could join this
I would ditch mastercard in a heartbeat.
Given how unreliable a partner the US has become, and every chance of becoming even more unreliable in future, basic self interest requires up to decouple from the US and prepare backups to keep everything functioning in the event they try to collapse our and other European economies in revenge for a imagined slight.
Visa and Mastercard have had a monopoly for too long, even if the US wasn’t growing increasingly unreliable this is a great move.
ABOUT TIME!!!!!!!
Yankee go home!
An interesting element of this project is although its being orchestrated by the government, its actually being funded by the big London banks themselves, who see not having it as an existential threat.
There are European countries that have banking systems alternative to VISA for multiple decades now. Ask them how they did it.
Great idea. Let’s ditch Visa and Mastercard
At fucking last!!!! Make sure it’s integrated with the EU…
This orange mother fucker is just impressive. He’s going to songle-handedly crash the international vale of Visa and MasterCard. What a fucking tool.
Europe and UK need to look at Brazil and copy Pix.
Brazil already set up a free to use payment method called Pix run by their central bank that now accounts for about 71% of all electronic payments in Brazil.
Mexico rolled out theirs last years with guidance from Brazil.
Visa and Mastercard are both livid because if it works there the two largest economies in Latin America will be lost to them.
I’m more than certain the EU central bank is also paying close attention to how this develops too.
They will most likely also integrate with BRICS Pay somewhere in the future
Headline is a bit misleading, from the article „with Visa and Mastercard working within the initiative“. What’s the point?