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Europe’s $24 Trillion Breakup With Visa and Mastercard Has Begun
(europeanbusinessmagazine.com)
this post was submitted on 10 Feb 2026
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Turkish person here: Troy is not yet that popular, but it is slowly getting there. Give it another 5 years. The best example is probably Brazil's Pix.
Pix is amazing but it is like an instant bank transfer. One cannot buy on credit through Pix.
That’s not exactly true. You can pay through an existing credit card via Pix (it doesn’t have to be Visa or MasterCard), or pay in instalments via pre-approved credit with the bank.
Probably a good thing. Buying on credit is a very bad way to spiral into crushing debt.