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Credit cards Visa and Mastercard, symbolizing global payment systems that Europe aims to replace with its own solutions for financial sovereignty.

Financial Sovereignty vs. Transnational Giants: How Europe Plans to Displace Visa and Mastercard

Economy 06/16/2026, 18:25
Europe is launching a large-scale program to reduce dependence on Visa and Mastercard, fearing the use of US payment systems as a sanctions weapon. 🇪🇺🚫🇺🇸 Brussels is actively developing alternatives: the digital euro and the unified Wero wallet, which combines national systems. The goal is to ensure financial sovereignty and create an independent infrastructure by 2026. 💳🔒
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