VISA & MASTERCARD blocked Russians from accessing their money - page 6.

Nemo1024

legendary

Activity: 1680

Merit: 1014

Lavrov stated today:

"There will be a replacement. Both Visa and MasterCard are already worried about losing our market share."
"It's all virtual money, virtual transactions, and anything virtual can be replicated, especially now, when both Russia and other countries have specialists who know how it works."
http://ria.ru/economy/20140514/1007758715.html

"Virtual money", eh? Does he know he is only one step from invoking Bitcoin? Tongue

Balthazar

legendary

Activity: 3108

Merit: 1359

Quote from: RomeoCharlie on May 12, 2014, 11:42:57 AM

I do not believe it can help coins somehow.
Coins are enemies for a classic cof any country - especially like USA.

Ftfy.

US has incredible strict control of foreign accounts usage, with almost zero level of tolerance. This system is extremely close to dictatorship, much closer than its counterparts in USSR or Russian Federation ever were.

Just one example, in USA I can get 3-5 years of prison if I forgot to declare some foreign incomings. In Russia or Germany for the same action I'll get only a moderate fine.

RomeoCharlie

newbie

Activity: 34

Merit: 0

I do not believe it can help coins somehow.
Coins are enemies for a classic currency of any country - especially like Russia.

jetspot

newbie

Activity: 25

Merit: 0

Quote from: franky1 on March 21, 2014, 12:57:20 PM

the bigger news still to come is pick pocketting, handbag thieves and 'stick ups' because everyone has to start carrying around lots of bank notes now instead of a card protected by a pin number

Then why not put ATM's inside the retail stores? That would solve the issue of walking around with a lot of cash on hand.

And I agree, this was a very bone-headed move by Obama.

Balthazar

legendary

Activity: 3108

Merit: 1359

Visa, Mastercard resume services with 2 Russian banks blocked after US sanctions

http://rt.com/business/visa-mastercard-us-sanctions-693/

Sanctioned Bank Rossiya ditches foreign currency for rouble

http://rt.com/business/rossiya-bank-sanctions-ruble-913/

Will see... Roll Eyes

counter

hero member

Activity: 798

Merit: 500

Time is on our side, yes it is!

Sub'd this thread +1 to the OP and thanks for the news. This sounds like something I'll be very interested in learning more about when I've got more time.

Balthazar

legendary

Activity: 3108

Merit: 1359

50MT or 100MT is really too much, it would cause too many problems. Though 97% of energy was generated by fusion, the last explosion of 50MT bomb resulted with massive radioactive contamination above the Arctic Circle.

lightfoot

legendary

Activity: 3164

Merit: 2258

I fix broken miners. And make holes in teeth :-)

Quote from: duhosnyul on March 29, 2014, 01:50:20 AM

Not all test work in the first time eventually they will perfected it. Russians has pretty advance delivery and defense systems. Just imagine 50 megaton thermonuclear bomb detonated in your city and russians still have +8000 more if its not enough.

*laugh* If you think anyone can lob a tsar bomba over here, then you really need a bit of perspective. Go look it up, see what a 50mt bomb is.

As for being worried? Nope. This kind of tech is exceptionally complex, and not having been kept up to date in the past 20 years is a good indication that it might have... problems... working.

bryant.coleman

legendary

Activity: 3766

Merit: 1217

I am really worried about BTC-E. They just activated VISA withdrawals.

Balthazar

legendary

Activity: 3108

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https://bitcointalksearch.org/topic/m.5956741

It would be interesting to see what MasterCard or VISA investors think about this. Roll Eyes

bryant.coleman

legendary

Activity: 3766

Merit: 1217

Quote from: amspir on March 29, 2014, 02:39:47 PM

I personally think that Visa/MasterCard should fade away, by deeming themselves to be the arbiter of who can trade on the system (i.e. Wikileaks, Russian citizens using certain banks)

Agreed. VISA / Master just play supporting roles to the US in its war for world domination.

Brangdon

sr. member

Activity: 365

Merit: 251

Quote from: amspir on March 29, 2014, 02:39:47 PM

It would be logical to assume that Visa/MasterCard are against Bitcoin because is it a competing payment system that would cut into their profits. They are going to fight it, or find a way to adapt and live with it, such as proving bitcoin to Visa/MasterCard gateways.

At least some of the value they offer comes from consumer protection. The charge-backs that vendors hate are beneficial to customers, and since it is customers who have the money there may well still be a market for credit card-like consumer protection in Bitcoin.

greenteanosugar

newbie

Activity: 24

Merit: 0

Quote from: 1CoolNewb on March 29, 2014, 02:56:27 PM

I have it on good authority from both my Russian and Chinese friends say this whole mess will blow over soon enough and get back to normal.

So everyone can calm down and reinvest in btc.

I am pretty sure this show will soon end and we just should be patient

department

newbie

Activity: 28

Merit: 0

Quote from: direction on March 30, 2014, 01:14:03 AM

Quote from: kolev on March 21, 2014, 12:16:31 PM

Quote from: zeroday on March 21, 2014, 12:05:07 PM

More details is here
https://bitcointalksearch.org/topic/visa-mastercard-has-cut-russian-banks-cardholders-cannot-access-money-525168

I think it's good time to educate russians about the benefits of bitcoin.

I'm calling all russian speaking to start massive campaing promoting bitcoin in comments and discussions of relevant articles in russian press. May be their dumb authorities will finally realize that bitcoin is their friend.

It's obvious that you don't understand how credit cards work. No, they didn't block heir bank accounts, they just cannot spend them using heir debit/credit cards. This hurts American and European businesses more than Russia and the Russians! Stupid Obama! Worst president ever!

Perhaps it is for you, that what others think.

Feel you say is like the Russian government does not support the development of network economy.

direction

newbie

Activity: 14

Merit: 0

Quote from: kolev on March 21, 2014, 12:16:31 PM

Quote from: zeroday on March 21, 2014, 12:05:07 PM

More details is here
https://bitcointalksearch.org/topic/visa-mastercard-has-cut-russian-banks-cardholders-cannot-access-money-525168

I think it's good time to educate russians about the benefits of bitcoin.

I'm calling all russian speaking to start massive campaing promoting bitcoin in comments and discussions of relevant articles in russian press. May be their dumb authorities will finally realize that bitcoin is their friend.

It's obvious that you don't understand how credit cards work. No, they didn't block heir bank accounts, they just cannot spend them using heir debit/credit cards. This hurts American and European businesses more than Russia and the Russians! Stupid Obama! Worst president ever!

Perhaps it is for you, that what others think.

1CoolNewb

newbie

Activity: 14

Merit: 0

I have it on good authority from both my Russian and Chinese friends say this whole mess will blow over soon enough and get back to normal.

So everyone can calm down and reinvest in btc.

amspir

member

Activity: 112

Merit: 10

Quote from: berliston on March 29, 2014, 04:32:29 AM

Quote from: predic on March 23, 2014, 03:12:49 PM

visa and mastercard made problem for wikileaks too. don't use them, they are front business of people who are against bitcoin.

What facts do you have that tell Visa&MasterCard are against Bitcoin?

It would be logical to assume that Visa/MasterCard are against Bitcoin because is it a competing payment system that would cut into their profits. They are going to fight it, or find a way to adapt and live with it, such as providing bitcoin to Visa/MasterCard gateways.

I personally think that Visa/MasterCard should fade away, by deeming themselves to be the arbiter of who can trade on the system (i.e. Wikileaks, Russian citizens using certain banks)

I think the Target data breach helps the world know just how insecure their system is.

Leogheo

member

Activity: 93

Merit: 10

Quote from: zolace on March 29, 2014, 12:49:45 AM

Guys you should see this as a plus, if Russians in USA and Russia cant use Visa and Matercard, maybe this will help bitcoin. Way to go Visa and Mastercard!!!

Everything is for the better future!)) Maybe they finally understand what Bitcoin is our better future

berliston

jr. member

Activity: 52

Merit: 21

Quote from: predic on March 23, 2014, 03:12:49 PM

visa and mastercard made problem for wikileaks too. don't use them, they are front business of people who are against bitcoin.

What facts do you have that tell Visa&MasterCard are against Bitcoin?

sanjoea

full member

Activity: 154

Merit: 100

That's why Bitcoin is good than visa and mastercard

Topic: VISA & MASTERCARD blocked Russians from accessing their money - page 6. (Read 7243 times)