After Visa/MC Drops Russia, Banks Rush to Chinese System

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Several Russian banks said on Sunday they would soon start issuing cards using the Chinese UnionPay card operator’s system coupled with Russia’s own Mir network after Visa and MasterCard said they were suspending operations in Russia, Reuters reports.

Announcements regarding the switch to UnionPay came on Sunday from Sberbank, Russia’s biggest lender, as well as Alfa Bank and Tinkoff.

All Visa did by dropping out of Russia was hurt their business and virtue signal.  It drove Russia closer to China.


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Hanblecheya
Hanblecheya
5 months ago

mayor dailey ran chicago, huey long ran Louisiana, and now, criminal syndicate runs DC. we need a truedemocracynow dot com by calling a conventionofstates dot com to change to local governance using smartphones. It is the only way to eliminate corruption. No candidates, no federal govt, no judicial control and no rule by 5 people who dress up like priests in the middle ages. Just every state or even ever city makes its own laws where every citizen can propose and vote directly on any and all legislation. Why not a TRUE DEMOCRACY. The collective intelligence of even no-so-smart people is better than being run by a criminal syndicate that steals your taxes and gives it to themselves. I hate to say it but I actually hope Iran, or NKorea, or Russia take out DC. The federal govt is a bane on our society. Power corrupts and absolute power has corrupted absolutely. If an enemy invaded, I wouldn’t fight. Chinese govt never forced a single clot shot on any of their citizens.

GuvGeek
GuvGeek
5 months ago

The World Economic Forum Globalist are watching their goal of World Domination evaporate before their eyes. The Western Money Manipulators are losing control Did they really think they would take over the World. Well Yes, they are delusional people in Ivory Towers.

If Traitor Joe doesn’t start producing US oil everywhere possible immediately, the USD will collapse. If the USD Collapses, I expect a Decentralized Financed Crypto Currency will become the Reserve Currency.

Just remember, Elections have Consequences and Stolen Elections have Drastic Consequences. All this pain has been brought to you by Traitor Joe and the Democrat Party!

Donald B Behnke
Donald B Behnke
5 months ago

We are slowly but surely moving the world away from using the dollar and into the RMB. So we flood the country with illegal immigrants, sabre rattle to get into a war we have no business in, and drive other countries, including the world’s second largest oil producer into using the currency of the only real threat to democracy left in the world (besides Canada). Politicians on the left and and right are enriching themselves in the short term while saddling children not even born with a huge debt. And no one is saying anything. This is why we need term limits on all offices.

Anonymous
Anonymous
5 months ago

The Donbass…free at last???