Post
Topic
Board Politics & Society
Re: Visa, MasterCard to pay $3bn to stay in Russia - Morgan Stanley
by
Littleshop
on 17/05/2014, 15:57:17 UTC
This title is misleading. The article is just a rehash that says the new Russian regulations require them to pay, something that came out weeks ago. It does not say they are going to pay it. In fact, it says it would be unprofitable, since it is more than the revenue generated there by a large margin.

I cannot see MC/Visa paying.  This gives Russia the ability to do a form of 'chargeback' against MC/Visa which they cannot stand.  The outcome could be MC/Visa leaving Russia suddenly leaving Russia without them. 

Either way I have my popcorn ready, Bitcoin will benefit even if only slightly.