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Visa, PayPal, and Mastercard join the growing list of financial providers suspending services to 144 million people in Russia.
How anyone doesn’t understand the need for #bitcoin is beyond me!
— Lark Davis (@TheCryptoLark) March 5, 2022
Okay, so.
Can we pump Bitcoin yet?
RT:
International card companies Mastercard and Visa have announced they are ceasing operations and disconnecting all Russian banks from their payment systems due to sanctions related to Moscow’s ongoing war in Ukraine.
However, Russia-issued cards will continue to work within the country, since all local payments are processed via the internal National Payment Card System (NSPK), created in 2014.
Visa Inc. announced on Saturday night that it was “immediately” beginning to “work with its clients and partners within Russia to cease all Visa transactions over the coming days.”
Russia has their own third card type, but it isn’t nearly as widely used as the big two.
I think they also have the Chinese one, which I forget the name of.
But hey – what is even the point of taking money out of the ATM with the ruble at its current value? You can’t buy anything with it.
Bitcoin fixes this.
Visa suspended service in Russia.
PayPal suspended service in Russia.
Remitly suspended service in Russia.
Mastercard suspended service in Russia.Bitcoin still serves Russia, and no one can stop it.
— Zack Voell (@zackvoell) March 6, 2022
