Speaking on The Pat Kenny Show, Lagarde underscored Europe’s dependence on foreign digital payment infrastructure. “Visa, MasterCard, PayPal and Alipay are all controlled by American or Chinese companies,” she noted, arguing, “We should make sure there is a European offer.”
Tech guy here. There’s no way in hell a new system would be mainframe-based. A distributed queue with delivery receipt and many nodes to process messages along with many distributed read-only DBs is the way to scale this thing. And you can be isolated form local power and connectivity issues. Tech isn’t the problem in this situation, market penetration is.
I know right!
I think this is another case where even the engineers got sold into the marketing
Because they heard three decades ago that this was the fastest best technology, and IBM sold it to them
… The reality is, these technologies nobody uses for anything new and there’s a reason why. They are just too ancient and stagnating
Plus, other technologies are open and you can see how much more innovation happens when you allow that. Mainframe never had that and that’s why it sat around