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MasterCard suspends all services in Russia

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Re: MasterCard suspends all services in Russia

#131

Post by 323 »

colesantiago wrote: post #114
ghiculescu wrote: post #21

I’m not pro crypto or pro Russia, but the fact that it’s so easy to lose ones freedom to transact[0] (regardless of the specific merits here) is troubling. [0] https://mobile.twitter.com/punk6529/status/14944446246304030...

> I’m not pro crypto or pro Russia, but the fact that it’s so easy to lose ones freedom to transact[0] I am absolutely sure that Transferwise is still available for Russians to use, so the freedom to transact isn't really lost. 'Cryptocurrencies' should not be used at all.

> Payments companies Wise, Remitly suspend money transfer businesses in Russia

https://www.reuters.com/technology/payments-company-wise-sus...

Re: MasterCard suspends all services in Russia

#132

Post by Symbiote »

artdigital wrote: post #97

I have a Russian friend living abroad for a longer period of time and paying his day to day expenses with savings through credit cards. They all stopped working and he has no way to pay for anything anymore. I get why it’s done but it’s still sad to see people that have nothing to do with this situation get hit like this

My colleague's brother in Ukraine has had his day to day life interrupted by Russians dropping bombs on the city.

Re: MasterCard suspends all services in Russia

#133

Post by lostwords »

jimbob45 wrote: post #81
mananaysiempre wrote: post #8

As far as I can tell, this will mainly have an impact on people trying to leave, because payments within the country will still work (if badly because the substitute system, NSPK, is shoddy), but the Russian government doesn’t allow crossing the border with more than the equivalent of 10k USD in cash (since several days ago) and most other money transfer companies are refusing service as well. So, for example, previo…

As other threads have stated, outbound Russian flights have been permanently shut down beyond a few weeks from now (and all flights are full). It doesn’t seem to be the case that exit is an option for many Russians, money or not.

It's somewhat true, but there are still options, actually. Russian carriers canceled their flights, but some foreign carriers are still flying. It's quite expensive now, of course, and not very convenient, but if you desperately want to leave and you have some money, it's doable.

Re: MasterCard suspends all services in Russia

#134

Post by analyte123 »

colesantiago wrote: post #100
nickysielicki wrote: post #76

Earlier quoted context omitted.

As an American, I'm tempted to put everything I own into Monero.

Monero isn't really private or secure and was a subject to a 51% attack so this is a moot point.

Can you elaborate on what makes Monero not private or secure?

Re: MasterCard suspends all services in Russia

#135

Post by piskov »

conk wrote: post #33
grandpoobah wrote: post #20

Call me insane, but this feels insane. It would be one thing if Visa/Mastercard were being forced to do this, but for them to take it upon themselves to "pick a side" during a global conflict feels really wrong.

It’s not picking sides it’s a result of economic sanctions. How are financial transactions going to clear when Visa/MC can’t transfer money in/out of Russia.

Sanctions were imposed on 6(?) banks, not on entire banking system.

Even swift works with any other russian bank.

Re: MasterCard suspends all services in Russia

#136

Post by megous »

unpopularq88 wrote: post #13

Quoted post unavailable.

Because they feel they have a chance at a better outcome. If you don't fight there will be no negotiation with Putin. You'll just be rolled over.

Negotiation and better position at negotiation table is only possible when you fight the aggressor.

Re: MasterCard suspends all services in Russia

#137

Post by empressplay »

323 wrote: post #2

Visa too: > Visa Suspends All Russia Operations https://usa.visa.com/about-visa/newsroom/press-releases.rele... MasterCard/Visa cards issued in Russia will not work abroad, cards issued abroad will not work in Russia. > MasterCard/Visa account for three-quarters of payments in Russia https://twitter.com/spectatorindex/status/150023911662537932...

Putin smiles every time another foreign entity pulls out of Russia. So I can’t imagine he’s unhappy about this…

Re: MasterCard suspends all services in Russia

#138

Post by yucky »

theshrike79 wrote: post #61
ghiculescu wrote: post #21

I’m not pro crypto or pro Russia, but the fact that it’s so easy to lose ones freedom to transact[0] (regardless of the specific merits here) is troubling. [0] https://mobile.twitter.com/punk6529/status/14944446246304030...

This is only possible because Russia is the first clear and acceptable Bad Guy since WW2 Germany. There are very few gray areas about what they are doing in Ukraine, so everyone is firing with everything they've got. Weapons of Mass Financial Destruction someone called them.

>There are very few gray areas about what they are doing in Ukraine

When you typed this out, did it not occur to you that this feels this way to you due to a self-imposed bubble?

Re: MasterCard suspends all services in Russia

#139

Post by mvc »

cm2187 wrote: post #90
mvc wrote: post #78

Earlier quoted context omitted.

If you wanna play at autocracy, don't hold foreign reserves in countries that value democracy. Simples

As simple as the economic impact when China reaches this conclusion.

China is seeing that people who live in democratic countries have been given a timely reminder about how valuable that is.

They will fight to protect that status. And over the medium to long term, they will reorient their economies so that they are not dependent on autocratic countries.

Autocracy will lose long term.

Re: MasterCard suspends all services in Russia

#140

Post by chrsw »

empressplay wrote: post #127
chrsw wrote: post #109

Earlier quoted context omitted.

It's not a wake up call for me. This is in line with expectations. If the economic sanctions don't work I assume the next phase is cyber war at scale. If that doesn't work, traditional hot war.

NATO will not get involved in Ukraine militarily ever. Period. This isn’t a stage, this is all there is. Accept it already.

Why would Putin stop at Ukraine?
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