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    Sollte Kanada Alternativen zu Visa und Mastercard aufbauen? Die USA kontrollieren die überwiegende Mehrheit der Online-Zahlungen. Es ist ein Problem


    Sollte Kanada Alternativen zu Visa und Mastercard aufbauen? Die USA kontrollieren die überwiegende Mehrheit der Online-Zahlungen. Es ist ein Problem

    https://thewalrus.ca/why-your-credit-card-is-a-national-security-threat/

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    25 Kommentare

    1. FancyNewMe on

      **In Brief:**

      * In 2025, American-owned Visa and Mastercard controlled 96% of Canada’s credit card market.
      * These networks can be weaponized, shutting countries out of global commerce.
      * If the United Kingdom and Europe are urgently building out a Plan B, we should at least consider building our own digital payment infrastructure to protect our autonomy.

    2. canada_mountains on

      I’m not against it. But the problem is how do we get a Canadian alternative accepted world wide. Visa in particular, is extremely convenient when you travel world wide because it’s accepted in so many countries around the world. But yeah, I would love a Canadian alternative that is accepted world wide as much as Visa is accepted.

    4. 73629265 on

      The moment you need to start asking retailers if they accept your card of choice, the battle is lost. I love the idea of Canadian independence, but this is a massive hill to climb. 

    5. creeoer on

      Canada doesn’t need to make their own, they can just adopt whatever the EU comes up with. It doesn’t make sense for one country to have its own payment processor that no other country uses. Except if your population is like over a billion people.

    7. captaing1 on

      We should build something similar to the UPI in India or just copy their stack.

    8. duncandisorder on

      Feels like wishful thinking. But unfortunately if credit cards get weaponized against us, we’ll have far larger issues. Internet and data servers being number one.

    9. eriverside on

      Ask interac to develop a Credit Card platform/client that will run on the European solution internationally, and their own in Canada… Or both.

    11. OptiPath on

      Easier said than done. In reality, you can’t simply bypass Visa and Mastercard and launch a new system that seamlessly plugs into existing worldwide financial networks.

    12. Crypt0n1te on

      I mean it’s not too difficult to build a digital payment system. Just look at medium sized Asian countries like Indonesia, Malaysiaetc where homegrown epayment system dominates everyday transactions. Question is how urgently Canadians feel about breaking the status quo.

    13. SwimmingDownstream on

      Interac is already very Canadian specific they could use their rails as a starting point. 

    14. Falconflyer75 on

      For now I think we’d be better served adopting whatever the EU makes

      We’re a nation of 40 million and our closest ally isn’t reliable anymore, stronger ties with the EU seems to be logical

      Even if things get better with the US we shouldn’t neglect this partner

    15. OP_Skis_In_Jeans on

      Canada could potentially partner with Europe to do something like this, but there’s no way it could go at it alone.

    17. DukeandKate on

      No. Visa and MasterCard have spent decades building a worldwide network. At best we could have a cc that worked in Canada only. Not very useful.

      Keep in mind these are networks. They don’t actually issue cards. Member banks do.

      Also credit cards will face significant competition from stable crypto coins.

    18. SwimmingDownstream on

      I mean with all the crypto implenentations out there why can’t we have a card that uses regular networks and is blockchain backed so it doesn’t need a whole infrastructure to use. 

    21. Standard-Contest-949 on

      Did you remember how long it took for Debit machines to be everywhere? It takes a very long time. A new card would take forever.

    22. Life_Detail4117 on

      I’d love to see a better alternative to interact. The fact we have to worry about scams and banks taking money back when it’s already been transferred is so stupid.

    24. SouthHovercraft4150 on

      Absolutely, it is a question of sovereignty and national security.

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