Comment by WJW

4 hours ago

America: You need to be more self sufficient and not lean on us so much!

Europe: <launches European payment initiative>

America: NOT LIKE THAT!!!

What a ridiculous strawman. A huge chunk of Americans are also calling for the end of the Visa/MasterCard duopoly and would love to jump on board to this.

Just to add a little bit more context, European interbanking initiatives are older than Trump insanity. What we are seeing at play is a slow decades-old strategy finally bearing fruits. Though Trump is for sure a factor pushing for adoption.