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17 Kommentare

  1. 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

  2. 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.

  3. ACompletelyLostCause on

    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.

  4. 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.

  5. 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. 

  6. There are European countries that have banking systems alternative to VISA for multiple decades now. Ask them how they did it.

  7. 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.

  8. 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.

  9. Headline is a bit misleading, from the article „with Visa and Mastercard working within the initiative“. What’s the point?

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