Europe DUMPS Visa and Mastercard - 5 Giants FORMALLY UNITE, US Kill Switch DEAD

YouTube · Watch/Read · (gathered 2026-10-18)

• Europe is strategically building a sovereign payment infrastructure, the European Network for Payments (ENP), to reduce reliance on US-based card networks and prevent external “kill switch” scenarios, despite facing significant financial headwinds.
• The ENP is a new company jointly owned by five major European payment apps (Banka Mat, Bizum, MB Way, Wib Mobile Pay, Vipps), connecting 13 countries and ~130 million users through direct bank-to-bank transfers, with a phased rollout starting in 2027 and a Digital Euro being developed by the ECB to complement it.
• El highlights how media coverage often misrepresents data (e.g., varying Visa/Mastercard market share figures), omits crucial details (e.g., missing alliance members like BLIK, Iris, Borika), and sensationalizes diplomatic language, underscoring the importance of consulting primary sources to avoid “softened versions of the truth.”
• The initiative is a direct response to past events like Russia’s payment system cutoff and the ICC’s email access being revoked, reinforcing the idea that “payment systems are not neutral” but instruments of power, making dependency a critical and potentially expensive risk.