Europe's $24T Breakup with Visa and Mastercard Has Begun

Re:Europe's $24T Breakup with Visa and Mastercard Has Begun by graemep on Tuesday February 10, 2026 @12:13PM (#46963154)

The sensible thing would be to do it by currency area - e.g. the Eurozone.

Technology and some systems could be shared.

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Re:Europe's $24T Breakup with Visa and Mastercard Has Begun by direwolf20 on Tuesday February 10, 2026 @12:23PM (#46963352)

Then we could have an international standard to let the national networks work together, like for the phone network.

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Re:Europe's $24T Breakup with Visa and Mastercard Has Begun by graemep on Tuesday February 10, 2026 @02:38PM (#46965615)

Yes, common standards would solve the technical problem.

There are also business and regulatory problems with regard to international transactions.

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Re:Europe's $24T Breakup with Visa and Mastercard Has Begun by direwolf20 on Tuesday February 10, 2026 @08:45PM (#46969716)

Same with phone networks. Since India got serious about blocking spam, it has some strict requirements to call into the country.

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