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Europe’s $24 Trillion Breakup With Visa and Mastercard Has Begun
(europeanbusinessmagazine.com)
This is a most excellent place for technology news and articles.
Why would the EU need an approval from the USA?
USA can use whatever the fuck they want. This is to replace all the transactions happening within the EU.
Having your own transactions system is a big win for the EU, even if no other countries adopt it, and it's a massive loss for the USA.