'March to independence': Christine Lagarde wants EU to ditch Visa, Mastercard for own platform
www.businesstoday.in
Speaking on The Pat Kenny Show, Lagarde underscored Europe’s dependence on foreign digital payment infrastructure. “Visa, MasterCard, PayPal and Alipay are all controlled by American or Chinese companies,” she noted, arguing, “We should make sure there is a European offer.”
  • @[email protected]English
    0•13 days ago

    Pathetic news byte in face of unjustifiable tariff attack. Fine go ahead, but has any of these services stopped EU to EU payments unfairly? This cannot be the ultimate reaction to US attack on Europe: “Somebody do something about unthreatened payment infrastructure”. Either there are secret threats from both US and Chinese systems, or this is desperate fearmongering to serve as a distraction to inaction on more pressing matters.

    • @[email protected]English
      0•13 days ago

      Why does something have to be an “ultimate” reaction to be useful? Reducing the hegemony of US companies in global finance has to have some effect in bring egotistical yankistanis down a notch. Even just the news may create waves of support and push while also making US stock dip.

      This might just be a news bite and may not amount to much but the discussions gotta start somewhere.