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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 vo
by toomuchtodo 2mo 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://www.bloomberg.com/news/articles/2026-06-16/europe-fights-to-loosen-america-s-grip-on-payment-systems https://www.bloomberg.com/news/articles/2026-06-16/europe-fi... | https://archive.today/o699I https://archive.today/o699I - June 16th, 2026
China nears launch of mBridge as alternative to Swift – report - https://news.ycombinator.com/item?id=48636931 https://news.ycombinator.com/item?id=48636931 - June 2026
- AnthonyMouse 2mo ago> 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.
- vkou 2mo agoIf trust and reliability were a priority for America, we wouldn't be where we are today.
- expedition32 2mo agoThe US spent a hundred years building up soft power and all it takes to sink it is one mad emperor.