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Author Topic: VISA & MASTERCARD has cut Russian banks. Cardholders cannot access money.  (Read 3960 times)
zeroday
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March 21, 2014, 04:37:16 PM
Last edit: March 21, 2014, 04:50:41 PM by zeroday
 #1

http://rt.com/business/visa-mastercard-russia-sanctions-285/

Many russian customers of "sanctioned" banks are trapped abroad and cannot  access their money.

This is really the precedent. Now we see the power of totalitarian financial authority of the world.

Hey Russia,  it's really time to start using bitcoin, don't you think so?


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March 21, 2014, 06:00:34 PM
 #2

http://rt.com/business/visa-mastercard-russia-sanctions-285/

Many russian customers of "sanctioned" banks are trapped abroad and cannot  access their money.

This is really the precedent. Now we see the power of totalitarian financial authority of the world.

Hey Russia,  it's really time to start using bitcoin, don't you think so?



Look where one of the very popular free faucet is getting traffic from...

http://www.alexa.com/siteinfo/freebitco.in

It is Russia. In another instance I heard www.CoinLearn.org is also getting big traffic from Ukrain. Is it a sign that those people are joining the BTC bandwagon silently ?

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March 21, 2014, 09:04:09 PM
 #3

Quote
The bank added that its own services relating to Visa and Mastercard cards, like withdrawing cash from the bank’s ATMs works fine.

This would have really screwed Russians traveling abroad.  Hopefully these travelers have money in their accounts and not just debt on their credit cards like most in the US.

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March 21, 2014, 10:00:26 PM
 #4

http://rt.com/business/visa-mastercard-russia-sanctions-285/

Many russian customers of "sanctioned" banks are trapped abroad and cannot  access their money.

This is really the precedent. Now we see the power of totalitarian financial authority of the world.

Hey Russia,  it's really time to start using bitcoin, don't you think so?



As far as I remember Putin is not bitcoin friendly guy ... hope he will pay the price for that. Not rusian people.

http://www.introversion.co.uk/
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March 21, 2014, 10:37:44 PM
Last edit: March 22, 2014, 04:42:19 PM by odolvlobo
 #5

It's another point for Bitcoin.

I dont like how Visa and Mastercard are tools of the U.S. government. If I were a shareholder, I would being complaining loudly. Their action is bad for business and will hurt them in the end.

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March 22, 2014, 08:21:59 AM
Last edit: April 11, 2021, 07:20:15 PM by dzonikg28
 #6

Crazy world, just cut the connect and nobody can access their funds. That's why crypto is important.

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March 22, 2014, 09:26:58 AM
 #7

Putin wants to control everything that goes on. It backfired a bit in this case, but I really doubt that will make Russian politicians more open to letting go of control.
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March 24, 2014, 04:50:01 AM
 #8

This is going to backfire on the Visa / Master. The Russians are not that stupid. In a matter of few months they will dump VISA/ Master all together.



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March 24, 2014, 04:59:06 AM
 #9

This is going to backfire on the Visa / Master. The Russians are not that stupid. In a matter of few months they will dump VISA/ Master all together.

czar

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March 24, 2014, 02:51:01 PM
 #10

Btc use case 101 right here....

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March 24, 2014, 05:03:51 PM
 #11

bitcoin welcome you all, russian people  Grin

http://rt.com/business/visa-mastercard-russia-sanctions-285/

Many russian customers of "sanctioned" banks are trapped abroad and cannot  access their money.

This is really the precedent. Now we see the power of totalitarian financial authority of the world.

Hey Russia,  it's really time to start using bitcoin, don't you think so?



Look where one of the very popular free faucet is getting traffic from...

http://www.alexa.com/siteinfo/freebitco.in

It is Russia. In another instance I heard www.CoinLearn.org is also getting big traffic from Ukrain. Is it a sign that those people are joining the BTC bandwagon silently ?
in another populer PTC site too
they are on the top of the list :
http://www.alexa.com/siteinfo/coinad.com
http://www.alexa.com/siteinfo/btcclicks.com
http://www.alexa.com/siteinfo/bitvisitor.com

even in blockchain.info, they are no.2 behind US
http://www.alexa.com/siteinfo/blockchain.info

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March 25, 2014, 02:12:15 PM
 #12

surprise to hear that Roll Eyes Roll Eyes Roll Eyes
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March 25, 2014, 04:40:14 PM
 #13

This is abuse from the US government. We had the same with Wikileaks, where hundreds of unrelated businesses on Iceland were harmed. We have also Iran and Syria which are under bank attack, and this boycott is in practise violent, as it deprives the people of those countries from essentials, including food, healthcare and education.

In this era, with extended trade and work specialization (which is necessary to support a large global population), forcibly taking away peoples ability to trade freely is just as bad as killing people and destroying their houses.

Bitcoin can obviously fix parts of this problem, should it become generally used. A separate chinese, renminbi-based international banking system decoupled from the present? Not likely.

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March 27, 2014, 10:30:40 AM
 #14

http://rt.com/business/visa-mastercard-russia-sanctions-285/

Many russian customers of "sanctioned" banks are trapped abroad and cannot  access their money.

This is really the precedent. Now we see the power of totalitarian financial authority of the world.

Hey Russia,  it's really time to start using bitcoin, don't you think so?



Is that related to Crimea? Well if it is just w8 for winter and cold weather to come and Russia cuts off gas, that would be hilarious Wink
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March 28, 2014, 02:29:43 PM
 #15

That is quite sad people cant trust financial institution

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March 28, 2014, 03:16:46 PM
 #16

Just because Putin is crazy doesn't mean that all Russians are crazy!I don't agree with what visa/master card did .Maybe is time for Russia to accept bitcoin!

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March 28, 2014, 03:27:54 PM
 #17

Just because Putin is crazy doesn't mean that all Russians are crazy!I don't agree with what visa/master card did .Maybe is time for Russia to accept bitcoin!

Actually he only did what its has been done less then a decade ago with Kosovo. USA, GB, Geramny.... and others opened the Pandora Box not Russia.
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March 31, 2014, 08:06:49 PM
 #18

Just because Putin is crazy doesn't mean that all Russians are crazy!

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