National Russian card payment system established

bryant.coleman

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Quote from: TaunSew on May 26, 2014, 09:55:11 AM

Russia's GDP is smaller than California, so meh.

As far as I know, California is bankrupt, while Russia's GDP is still growing at a good pace. Anyway what this has to do with the payment system? Are you saying that only countries with GDPs higher than that of California are entitled to national payment sytsems? Grin

Note: Latest figures indicate California's GDP at $1.8 trillion. The Russian GDP is officially at $2.0 trillion, but after including the informal sector (quite big in Russia) it might increase to $3.0-3.5 trillion.

TaunSew

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Russia's GDP is smaller than California, so meh.

on the other hand Visa takes a 1% to 4% of your sales in fees, when a lot of businesses make less than 5% of revenue in net profit. A cheaper Russian alternative would help Russian businesses and keep the money in Russia

bryant.coleman

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Quote from: Robin_Good on May 26, 2014, 09:46:32 AM

I think Russia is not strong enough to create own competitive national payment system

lol... Strong enough for what? Even the neighboring Belarus is having its own national card payment system. You want to say that financially, Russia is in a weaker position when compared to Belarus?

Robin_Good

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I think Russia is not strong enough to create own competitive national payment system

stompix

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Blackjack.fun

National Russian card payment system established
May 06, 2014, 06:46:24 AM

May 26th , no it's not. Visa and Mastercard still playing chess with the government and winning

kuroman

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Quote from: bryant.coleman on May 24, 2014, 03:06:12 AM

Russia’s payment system not replacement, but needed alternative to Visa, MasterCard

http://rt.com/business/161088-russia-payment-system-gref

It is a replacement on the national scale it is not on the international scale, it would similar to what exist in France = CB (Carte blue) system, where you have your credit card, with CB compliance and either VISA or Mastercard so that you can use your credit card when you are traveling or doing payement to international websites and stuff

bryant.coleman

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Russia’s payment system not replacement, but needed alternative to Visa, MasterCard

http://rt.com/business/161088-russia-payment-system-gref

bryant.coleman

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Quote from: mladen00 on May 21, 2014, 06:47:56 AM

+1

but 90% off all countries leaders can't say no to USA

I'm from Croatia, and our foreign policy is made by USA embassy in Zagreb

Too hard to shrug off the US dominance once it takes hold. The USA used the Balkan wars to cement its place in the ex-Yugoslavia. Now all the nations there are under its grip.

trader001

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Quote from: mladen00 on May 21, 2014, 06:42:32 AM

USA leadership thinks that Putin and his team are stupid.

You can fool Russian's (Putin/Medvedev) once (Lybia......)

but you can't full them twice (Syria, Ukraine).

Now no more Visa&Master, year from now no more USD.....

Can't get to the top in Russia if he is incompetent.

mladen00

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K-ing®

Quote from: bryant.coleman on May 20, 2014, 10:44:40 AM

Quote from: fatty_but_happy on May 20, 2014, 10:15:23 AM

IMO, Russia had made the right decision to adopt a national card payment system. It's better late than never.

Every single nation should be having its own national payment system. Why depend on the thieves of Visa / Master, when we can have much better and less exploitative options?

+1

but 90% off all countries leaders can't say no to USA

I'm from Croatia, and our foreign policy is made by USA embassy in Zagreb

mladen00

legendary

Activity: 2124

Merit: 1013

K-ing®

USA leadership thinks that Putin and his team are stupid.

You can fool Russian's (Putin/Medvedev) once (Lybia......)

but you can't full them twice (Syria, Ukraine).

Now no more Visa&Master, year from now no more USD.....

bryant.coleman

legendary

Activity: 3752

Merit: 1217

Quote from: fatty_but_happy on May 20, 2014, 10:15:23 AM

IMO, Russia had made the right decision to adopt a national card payment system. It's better late than never.

Every single nation should be having its own national payment system. Why depend on the thieves of Visa / Master, when we can have much better and less exploitative options?

fatty_but_happy

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IMO, Russia had made the right decision to adopt a national card payment system. It's better late than never.

bryant.coleman

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Another shot in the arm for the new payment system:

Russia’s VTB and Bank of China agree on domestic currency settlements

http://rt.com/business/160124-vtb-bank-china-currencies

bryant.coleman

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Russia demands $3.8bn security deposit from Visa and Mastercard

http://www.theguardian.com/world/2014/may/06/russia-security-deposit-visa-mastercard-sanctions-ukraine

Quote

International credit card companies face a "severe impact" on their operations in Russia following a strict new law Moscow has adopted in response to Visa and Mastercard freezing service to banks under US sanctions. Visa described the regulations as "unprecedented" and Mastercard said it could experience difficulties, the Russian magazine Snob reported, after Vladimir Putin signed a law on Monday to create a rival national payment system.

Stalinist

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Quote from: Nemo1024 on May 06, 2014, 04:08:09 PM

Quote from: Stalinist on May 06, 2014, 04:00:42 PM

Quote from: Balthazar on May 06, 2014, 03:27:43 PM

Slavjansk should be on the first place, it's in blockade now.

Yes, it is. Our funding goes through Donetsk, center of resistance, and they distribute it according to their immideate needs

I don't think anyone would mind you publishing donation information in a new thread.
However, you should also provide solid documentation of you activity, or standard scam suspicions would apply.

I understand your concern. There will be not just BTC and LTC wallets but standard bank trasfer information as so as website of our organisation will all contacs. I will also provide my personal data and my soc network page. For those who wish i can talk on telephone or zello channel. Soon i will make post but still it would be great to have positive call from moderators.

Nemo1024

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Quote from: Stalinist on May 06, 2014, 04:00:42 PM

Quote from: Balthazar on May 06, 2014, 03:27:43 PM

Slavjansk should be on the first place, it's in blockade now.

Yes, it is. Our funding goes through Donetsk, center of resistance, and they distribute it according to their immideate needs

I don't think anyone would mind you publishing donation information in a new thread.
However, you should also provide solid documentation of you activity, or standard scam suspicions would apply.

Stalinist

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Quote from: Balthazar on May 06, 2014, 03:27:43 PM

Slavjansk should be on the first place, it's in blockade now.

Yes, it is. Our funding goes through Donetsk, center of resistance, and they distribute it according to their immideate needs

Balthazar

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Slavjansk should be on the first place, it's in blockade now.

Stalinist

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Is there any admins? Our organsation raises funds to buy humanitarian aid for eastern Ukraine and Odessa. Please contact me, i want to ask permission to post our contacts and financial info at this forum.

sana8410

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Quote from: bryant.coleman on May 06, 2014, 02:46:24 AM

http://rt.com/business/156912-russian-putin-card-payment

Not related to Bitcoin, but this move is a very serious blow to the Master / Visa. The American credit card companies will lose billions of $$$ in revenue from Russia, Belarus and Kazakhstan.

National Russian card payment system established

Quote

Russian President Vladimir Putin signed into law the establishment of a national Russian card payment system on Monday. The NSPK (National Card Payment) system will ensure the smooth operation of electronic payments across Russia. Both Visa and MasterCard blocked specific US-sanctioned Russian banks from using their payment systems in March amid the crisis in Ukraine, prompting sharp criticism for blocking bank operations.

The West tries to strangle Russia with sanctions and Russia just stops buying western stuff and setting up its own payment systems. Superb! This is what I love about the Russians - no messing around!

umair127

sr. member

Activity: 378

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Quote from: bryant.coleman on May 06, 2014, 02:46:24 AM

http://rt.com/business/156912-russian-putin-card-payment

Not related to Bitcoin, but this move is a very serious blow to the Master / Visa. The American credit card companies will lose billions of $$$ in revenue from Russia, Belarus and Kazakhstan.

National Russian card payment system established

Quote

Russian President Vladimir Putin signed into law the establishment of a national Russian card payment system on Monday. The NSPK (National Card Payment) system will ensure the smooth operation of electronic payments across Russia. Both Visa and MasterCard blocked specific US-sanctioned Russian banks from using their payment systems in March amid the crisis in Ukraine, prompting sharp criticism for blocking bank operations.

Russia had to choose this over bitcoin, I guess they fear it so bad, they decided to make there own system. Well is to bad cause its only gonna benefit but hes clearly not thinking about his people. must be alot of money involved in this

Balthazar

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Bitcoin is incapable with such transaction rate. There are no decentralized cryptocurrencies which would be able to work as national payment system. Too many scalability issues there waiting for a solution before it will be possible.

serejandmyself

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Manager of looking busy #citizencosmos

Would be better if we chose bitcoin Grin

Wilikon

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minds.com/Wilikon

Quote from: Carlton Banks on May 06, 2014, 11:19:20 AM

Sounds awkward, creating a Russia based payment network. Visitors to Russia will have to find some apolitical, universal payment network that is difficult to block...

Bitcoin?

Carlton Banks

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Sounds awkward, creating a Russia based payment network. Visitors to Russia will have to find some apolitical, universal payment network that is difficult to block...

bryant.coleman

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Quote from: BasilHawkins on May 06, 2014, 10:30:09 AM

They should have done this years ago like china does.

Better late than never.

I am not a fan of this new system, but it will negatively affect some of our worst enemies. Grin

BasilHawkins

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They should have done this years ago like china does.

bryant.coleman

legendary

Activity: 3752

Merit: 1217

http://rt.com/business/156912-russian-putin-card-payment

Not related to Bitcoin, but this move is a very serious blow to the Master / Visa. The American credit card companies will lose billions of $$$ in revenue from Russia, Belarus and Kazakhstan.

National Russian card payment system established

Quote

Russian President Vladimir Putin signed into law the establishment of a national Russian card payment system on Monday. The NSPK (National Card Payment) system will ensure the smooth operation of electronic payments across Russia. Both Visa and MasterCard blocked specific US-sanctioned Russian banks from using their payment systems in March amid the crisis in Ukraine, prompting sharp criticism for blocking bank operations.

Topic: National Russian card payment system established (Read 1521 times)