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Euronews

James Thomas

Is the EU banning American credit cards?

Christine Lagarde ECB Mastercard PayPal Visa Alipay United States Euro Europe Euroverify

Viral social media posts are claiming that the European Union wants to get rid of American payment cards such as Visa and Mastercard, as well as foreign online payment platforms like PayPal and Alipay.

Some posts on X say that European Central Bank President Christine Lagarde announced that she's planning to replace the payment systems with European alternatives.

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