Speaking on The Pat Kenny Show, Lagarde underscored Europe’s dependence on foreign digital payment infrastructure. “Visa, MasterCard, PayPal and Alipay are all controlled by American or Chinese companies,” she noted, arguing, “We should make sure there is a European offer.”
Like what? I worked with some of them - they are nothing but the software that runs on them. Companies buy them to keep the ancient software they depend on running, not because they’re good or necessary. Software can be rewritten. The companies I worked with got rid of around 50% of their old propritary systems like SystemZ, POWER, Superdome, and NonStop in favour of plain Linux on amd64 in the last 20 years, and the trend is continuing.