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.”
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