Comment by toomuchtodo
10 hours ago
It’s not just about cost, it’s about control and sovereignty. Other countries do not want to have their payment systems rug pulled at the whim of whomever US voters decide to put into office each election cycle. The cost to build your own is reasonable compared to what losing the capability costs.
“Fool me once, shame on you. Fool me twice, shame on me.”
Europe Fights to Loosen America’s Grip on Payment Systems - https://news.ycombinator.com/item?id=48636931 - June 2026
> Other countries do not want to have their payment systems rug pulled at the whim of whomever US voters decide to put into office each election cycle.
Which is the reason the US is also shooting itself in the foot every time it rug pulls them.
If you want people to trust and rely on your thing then you kind of need to avoid being untrustworthy and unreliable.
The US spent a hundred years building up soft power and all it takes to sink it is one mad emperor.
If trust and reliability were a priority for America, we wouldn't be where we are today.