While setting up a rival payments system to the Mastercard/Visa duopoly is by no means an easy or quick task, the fact that UK banks are even exploring such a development, is just one more aspect of the increasing pivot away from the US in the global economy.
The UK is not alone at looking at such a move; this reflects the general decline in trust of non-political US institutions (contaminated, as it were, by the actions of the Court of the Tangerine Tyrant).
#banking
https://www.theguardian.com/business/2026/feb/16/uk-bank-bosses-plan-visa-mastercard-alternative
@ChrisMayLA6@zirk.us has moved
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2026-02-17 06:44:36 UTC
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wss://relay.momostr.pinkPublished at
2026-02-17 06:44:36 UTCEvent JSON
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