'March to independence': Christine Lagarde wants EU to ditch Visa, Mastercard for own platform - BusinessToday
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Speaking on The Pat Kenny Show, Lagarde underscored Europe’s dependence on foreign digital payment infrastructure. “Visa, MasterCard, PayPal and Alipay are all controlled by American or Chinese companies,” she noted, arguing, “We should make sure there is a European offer.”
    • deur@feddit.nlEnglish
      31·
      2 days ago

      Lol. Fuck no, they’re talking about scaling iDeal after the recent purchase. Previously it has been specific to the Netherlands but it was bought by the EU, and will likely replace the current payment processor middlemen with its inherently bank-to-bank protocols.

  • BroBot9000@lemmy.worldEnglish
    2·
    2 days ago

    https://www.lemonde.fr/en/opinion/article/2024/02/07/does-the-european-central-bank-have-a-lagarde-problem_6501441_23.html

    Christine Lagarde is not someone the world Should listen to. She is also the director of the IMF and all the homies hate the IMF:

    https://www.economicshelp.org/blog/glossary/imf-criticism/