Seems fairly logical for any large country to create something like this. Visa/MC is nice but allows the US to apply undue pressure to individuals. E.g. the US applied financial sanctions on ICC officials in the EU resulting in them losing access to Visa/MC credit cards and banks even those are that are purely EU based.
> Visa/MC is nice but allows ...
Not sure how it is overseas - but in the US, the #1 problem with Visa/MC is the huge percentage that they skim off every transaction. Businesses running on tight profit margins often give a discount if you pay with cash instead.
[dead]