5 ms·

Visa and Mastercard (and American Express) are international networks. How could any individual central bank provide that?

• bostik 3y ago
  See SEPA payments in EU: https://en.wikipedia.org/wiki/Single_Euro_Payments_Area https://en.wikipedia.org/wiki/Single_Euro_Payments_Area Or UPI in India: https://en.wikipedia.org/wiki/Unified_Payments_Interface https://en.wikipedia.org/wiki/Unified_Payments_Interface So to answer your question: with law on your side. You limit price gouging, and mandate interoperability with a cheaper system.
  • kgwgk 3y ago
    That’s an example of regulation - not of a central bank providing anything.
    • RandomLensman 3y ago
      TARGET, i.e., cross-border interbank, is operated by the European central banks
  • arcticbull 3y ago
    SEPA is roughly the same as FedNow, which is has been live for almost 8 months now. It's not comparable to VisaNet.