Comment by yalogin
14 days ago
Whether this particular attempt is really the disconnect or not , it doesn’t matter. The train has left the station this time and they are going to replace the visa/mastercard duopoly. India and China proved it’s absolutely doable, the administration just pushed Europe down this path.
Switzerland and denmark have proven it is possible. An interesting challenge will be to see if these national systems can be integrated somehow. If so, problem solved.
If they are serious, they should replace every local system with one new, well thought out solution spanning across Europe. It should not be just a replacement for Europe but compete with visa all over the world. If done right this will be more attractive to the world than the monopoly and authoritarian regime based implementation that is visa/mastercard