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Nairaland Forum / Nairaland / General / Politics / Foreign Affairs / End Of Mastercard And VISA, Russia And China replace them with UNIONPAY (2814 Views)
Russia Turns To China’s Unionpay System Amid Visa And Mastercard Departures / JUST IN: Russian Banks Switch To China's Unionpay After Visa, Mastercard Snub / Lebanon Runs Out Of Power , India And China To Follow ( Pics) (2) (3) (4)
Re: End Of Mastercard And VISA, Russia And China replace them with UNIONPAY by Hannover(m): 6:06am On Mar 07, 2022 |
Stevenson1: Guy get your words right. China and Russia doesn't need America!!! Are you aware Apple and the likes get their chips from China? And alot of other things. The truth is that if the west stupidly allows China and Russia to cooperate more closely with each other America and the rest of the west is finished!! 1 Like |
Re: End Of Mastercard And VISA, Russia And China replace them with UNIONPAY by Difrent: 6:10am On Mar 07, 2022 |
Praxis758: But dollars became the global reserve currency after world war 2 now.....means a currency was used before dollars. If eventually this war leads to a semblence if world war3 then be assured USD influence will be whittled down as there will rise rival currency |
Re: End Of Mastercard And VISA, Russia And China replace them with UNIONPAY by seanwilliam(m): 7:17am On Mar 07, 2022 |
Hannover:where una Dey see all this half baked news self |
Re: End Of Mastercard And VISA, Russia And China replace them with UNIONPAY by Stevenson1(m): 7:21am On Mar 07, 2022 |
Hannover: America and the world get it's chip from Taiwan not china. America gave china her economy on a platter of gold. China alone can't power Russian economy. With what exactly Cheap goods and services or loan? Russia needs to sell it's energy, it's oil, it's gas, it's weapons, and others and china is not the rightful buyers/customer. Russian biggest client are still the west and that's why the sanctions are affecting Russia more. |
Re: End Of Mastercard And VISA, Russia And China replace them with UNIONPAY by Stevenson1(m): 7:27am On Mar 07, 2022 |
Jazzlite: Huawei survived a little because the world is broke and needs Huawei more than Huawei needs America. Russia needs to play with the big boss in order to maintain her economy. Just like saying, Nigeria doesn't need crude oil anymore to power her economy. Those countries you mentioned, tell me the much different they have with one another?? Aren't they still broke, aren't their citizens still fighting hard to escape, aren't their economy shaking? You do not realize that without the sanctions, most of these countries would have done worst and more. |
Re: End Of Mastercard And VISA, Russia And China replace them with UNIONPAY by duality(m): 7:52am On Mar 07, 2022 |
Stevenson1: Is America not indepted to china? |
Re: End Of Mastercard And VISA, Russia And China replace them with UNIONPAY by kumulus(m): 8:46am On Mar 07, 2022 |
Stevenson1: Jokes in my opinion. Why did they bring their businesses there in the first place, cheap labor and more outputs you'd say, bet. This is because they can't afford to do such business on home soil, it'll cost them more. Now think about it, the US economy would take a hit; they've printed way too much money over the past couple years leading to inflation of the USD meaning they are eyes deep in debt (spending more than they earn). Commodities prices going up, currently they buy about 3.8litres of gasoline for around #2,900 same quantity Nigerians buy for less than #1,000 even with the current scarcity. Raw materials for staple food production is getting expensive as well, in other words, their transportation and food industry is about to take a hit just like it is for most countries around the world now... sooner than later the effects will be felt by her citizens who would begin to groan. Definitely not a great time for America. Now China is a major global business hub, everybody goes to Chinatown for everything. Imagine a scenario where producers and marketers start receiving the bulk of their payments through UnionPay and other State-owned systems just to spite the West (China will gladly do this, they've always wanted to make Yuan the global reserve currency) |
Re: End Of Mastercard And VISA, Russia And China replace them with UNIONPAY by olugabbie(m): 8:51am On Mar 07, 2022 |
Stevenson1: Most companies? |
Re: End Of Mastercard And VISA, Russia And China replace them with UNIONPAY by olugabbie(m): 9:02am On Mar 07, 2022 |
NGpatriot: The trade between China and Russia will increase with time. China is abandoning it Coal plant for Gas plant. So China needs Russia for natural gas. China needs a reliable supplier of natural gas. As we speak pipeline from Russia to China is being constructed. China is learning a lots from this Russia-Ukrainian conflict. It is clear to the Chinese that the West are not reliable partners. Infact it is clear to the whole world that the West is not reliable. Most countries needs to review their dependency on the West. 1 Like |
Re: End Of Mastercard And VISA, Russia And China replace them with UNIONPAY by Stevenson1(m): 9:24am On Mar 07, 2022 |
olugabbie: Most companies. No lies. |
Re: End Of Mastercard And VISA, Russia And China replace them with UNIONPAY by olugabbie(m): 9:25am On Mar 07, 2022 |
Re: End Of Mastercard And VISA, Russia And China replace them with UNIONPAY by Stevenson1(m): 9:39am On Mar 07, 2022 |
olugabbie: From technology companies To car companies To clothing companies To every damn thing. I'm not about to be a human google to you. If you want names, go online and check if out. |
Re: End Of Mastercard And VISA, Russia And China replace them with UNIONPAY by olugabbie(m): 10:09am On Mar 07, 2022 |
Stevenson1: This is ridiculous. How can you say that US has more companies on the Chinese territory than the Chinese themselves? |
Re: End Of Mastercard And VISA, Russia And China replace them with UNIONPAY by oilmane(m): 11:52am On Mar 07, 2022 |
Stevenson1: And America don't need China and Russia right? Has America stopped lifting crude from Russia? Can America stop doing business with China? Who will loose now that Russia is no more using the Visa and MasterCard? |
Re: End Of Mastercard And VISA, Russia And China replace them with UNIONPAY by Praxis758: 2:39pm On Mar 07, 2022 |
Difrent: Read and study the pre-WW2 economic history and you'll see the global currencies are individualistic, no one was having edge over another. How do you expect a country with strong economy to accept a weak foreign currency to dominate it's economic life? For example, Nigeria will never allow a weak Russia currency to set pace for its oil trade. Never!!! China kept devaluing it's currency to gain edge over trade with US and you expect such an unstable currency to be globally accepted. Countries would rather go for either British pounds sterling or Euro. |
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