Reported about 4 hours ago
Jon Cunliffe, a former deputy governor of the Bank of England, has raised concerns that President Donald Trump's administration may threaten to disrupt payment systems of U.S. allies as a form of diplomatic pressure. He noted that countries depend heavily on U.S. payment networks like Visa and Mastercard, making them vulnerable to potential U.S. financial policies. Cunliffe drew parallels between this situation and concerns regarding the 'kill switch' capabilities of U.S. military technology, emphasizing a growing reluctance among nations to engage with U.S. financial systems.
Source: YAHOO