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That's not what happened. They already had been working on MIR for a while. Then Visa/Mastercard pulled out due to sanctions over the war. The retailers actuall
by cpursley 9mo ago
That's not what happened. They already had been working on MIR for a while. Then Visa/Mastercard pulled out due to sanctions over the war. The retailers actually prefer MIR now as it's newer/better tech plus lower fees and government likes it because they can track every little detail (when they were a bit in the dark before). Consumers seem to prefer the payment systems - faster transfers, QR code payments and scan face to pay terminals.
https://en.wikipedia.org/wiki/Mir_(payment_system) https://en.wikipedia.org/wiki/Mir_(payment_system)
- general1465 9mo agoWhich is what Europe is doing by implementing Digital Euro to replace Visa/Mastercard/Apple Pay/Google Pay https://www.ecb.europa.eu/euro/digital_euro/html/index.en.html https://www.ecb.europa.eu/euro/digital_euro/html/index.en.ht...
- cpursley 9mo agoNice. I assume there's a card system as well?
- general1465 9mo agoReplacement of Visa/Mastercard implies that.