r/Damnthatsinteresting • u/Getatbay • 10d ago

Video EU has created a system that bypasses payment processing services like visa or mastercard

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u/[deleted] 10d ago

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u/Traditional-Storm-62 10d ago

this was after 2014 so kinda?

the point is that you cant really rely on foreign payment providers if you cant guarantee good relations with them

it doesnt really matter who's fault it is that relations are souring, only that they do

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u/AyeBraine 9d ago

Even though I hate with all my heart that this scenario happened, I also can't deny that the transition was absolutely seamless. If you were a regular person (and debit/credit card penetration in Russia is pretty much 100%, everyone pays with contactless everywhere, down to the shittiest "bodegas"), Visa/MC cards just kept working for any domestic purchases.

It's no accident Ukraine tried to disrupt online marketplaces with (almost) bloodless campaign of burning down sorting centres, they tried to "bring the war home" for regular consumers in forms other than just rising prices.