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A comment on Putin Passes Law Requiring $3.8B Security Payments From Visa, MasterCard.

Re:Putin Passes Law Requiring $3.8B Security Payments From V... by soAsian on Tuesday May 06, 2014 @12:02PM (#7705272)
Why so many Visa and MasterCard ass kissing here? It doesn't matter what you guys think of Russia and Putin. Visa and Mastercard ain't innocent here either. They fudged their rate and have been sued multiple time since their existence.

Personally, I don't think any country should rely on Visa or Mastercard since like the article said any countries that face U.S. sanction is basically fucked. This is equivalent of using closed source software to run your govrt.

Russia or any countries for that matter have the rights and should develop their own domestic payment transaction.

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Re:Putin Passes Law Requiring $3.8B Security Payments From V... by nitrogen on Tuesday May 06, 2014 @12:12PM (#7705342)
People aren't upset about Russia ensuring independence from US payment networks. They are upset that Russia appears to them to be trending toward isolation from the world while expanding its territory. They worry about that combined isolationism and expansionism resulting in a new global cold war.
[ Parent | on HN ]