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.”
Lmao someone would be very incompetent to actually propose the idea to create a mainframe system to do this
It would be so stupid , it would be ancient slow and hard to maintain
Everything this century that’s new is cloud, distributed, HA, real time, event driven, and fast low latency
Mainframe only has some of those features, plus really ancient legacy and other stuff that makes it not perform as well in certain areas
What?
Mainframes are not slow?
You do know that VISA handles a their transactions on mainframes?
https://en.wikipedia.org/wiki/IBM_Z
I do
I mean slow in terms of innovation, which they stagnate on
But also performance actually
Their TCP\IP stack is one such consequence. It doesn’t have any of the massive changes that happened in the last few decades that have optimized performance
Open source stacks picked those up immediately. Windows, and other older platforms still use a much slower and more poorly designed stack
That’s one such example. Plenty of others
It’s not that they can’t solve problems. They can.
Steam engines can solve everything too. But they are not the best at every task and these days it’s hard to find anything that couldn’t be beaten otherwise
Mostly these systems ONLY exist because of legacy
It is why none of the big compute players have touched any of that in decades. Because it is dead technology and a dead end