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Title: Visa, MasterCard to pay $3bn to stay in Russia - Morgan Stanley Post by: zimmah on May 15, 2014, 07:55:20 PM I know russia is pretty much anti-bitcoin, but this is still bullish news, or is it?
http://rt.com/business/159196-visa-mastercard-morgan-stanley/ (http://rt.com/business/159196-visa-mastercard-morgan-stanley/) Title: Re: Visa, MasterCard to pay $3bn to stay in Russia - Morgan Stanley Post by: cypherdoc on May 15, 2014, 08:26:29 PM i think Bitcoin benefits.
both MA and V have broken the long term uptrend and are entering a downtrend: https://i.imgur.com/x5gL3l6.png Title: Re: Visa, MasterCard to pay $3bn to stay in Russia - Morgan Stanley Post by: Nemo1024 on May 17, 2014, 11:01:14 AM Not so much pay, as place a deposit.
We have a running topic on it here: https://bitcointalk.org/index.php?topic=525190.msg6761956#msg6761956 Title: Re: Visa, MasterCard to pay $3bn to stay in Russia - Morgan Stanley Post by: bryant.coleman on May 17, 2014, 01:45:05 PM i think Bitcoin benefits. both MA and V have broken the long term uptrend and are entering a downtrend: No surprise there. Russia was one of the fastest growing market for Visa / Master, as most of the other markets were already saturated. The loss of this emerging market will hurt them really bad. Title: Re: Visa, MasterCard to pay $3bn to stay in Russia - Morgan Stanley Post by: DonnyMontana on May 17, 2014, 03:01:59 PM 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.
Title: Re: Visa, MasterCard to pay $3bn to stay in Russia - Morgan Stanley Post by: Littleshop on May 17, 2014, 03:57:17 PM 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. Title: Re: Visa, MasterCard to pay $3bn to stay in Russia - Morgan Stanley Post by: niothor on May 17, 2014, 05:41:45 PM 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. RT: Quote Russian President Vladimir Putin signed a law on foreign payment systems on May 5 that requires foreign payment systems to be levied at 25 percent of an average amount of transfers profit during one calendar day in Russia, to be paid each quarter to the Central Bank. The law will be enacted on July 1. Moscow Times: Quote The legislation will require international payment systems who intend to remain on the Russian market beyond July 1 to place a security deposit in the Central Bank equal to the cumulative value of two days of transactions processed in Russia. Lols They are not supposed to pay anything , just make a deposit. |
