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Surely by being a bank, you are already exposed to that.
by lmz 19d ago
Surely by being a bank, you are already exposed to that.
- guiriduro 19d agoExposed yes, but not fatally if you're working with alternative de-dollarised banking systems in the eurozone, for example.
- lmz 18d agoWon't help if they sanction you and cut you off from SWIFT (or the card networks) so it just depends on the degree of the governance issues here.
- guiriduro 18d agoMost european banking entities already have and use SEPA.
- lmz 18d agoAny alternative non US, Europe wide card network? I suppose you could use Mir, or UnionPay.
- Abstract_Typist 17d agoThis is an issue, but one Europe is acutely aware of and working on. WERO is one strand of that. https://www.reneweuropegroup.eu/news/2026-06-23/independence-from-us-payment-systems-todays-vote-on-the-digital-euro https://www.reneweuropegroup.eu/news/2026-06-23/independence... https://europeanbusinessmagazine.com/eu-payments-sovereignty-why-europe-seeks-independence-from-visa-and-mastercard/ https://europeanbusinessmagazine.com/eu-payments-sovereignty... https://stripe.com/en-fr/resources/more/wero-how-europes-unified-digital-wallet-is-changing-payments https://stripe.com/en-fr/resources/more/wero-how-europes-uni...
- Abstract_Typist 17d agoAh.. SWIFT is an international cooperative, originated in Europe and based in Brussels..
- shawabawa3 18d agoMonzo are a UK bank that briefly but afaik no longer operate in the US
- varispeed 18d agoThey are partially Chinese owned, so you can imagine Trump having a fit could be ordering AWS and GCP to stop servicing this bank.