As visa networks brakes down consumers are left searching at their draws for cash and pennies to do transactions. Governments all over the world want to go to a cashless society without taking into consideration one point vulnerabilities.
Taking Europe and the UK's back to medieval times for a while.
Quoting from the independent:
"Customers have reported arriving at tills to have their cards declined. Retailers say they have been left unable to take payments in shops, bars and other outlets, forcing them to resort to only taking cash or not making sales at all."
So this incident is where blockchain technology and its pure principle of decentralization comes to play. Hopefully they will see the truth and the future that comes with it. Better late than ever. Not that we can scale to world demand just yet. But when is demanded I am sure we will be.
Follow the link to get some info about the matter. You won't hear it at any mainstream media at least it wont be a reference longer than 15 seconds.
The solution is until this gets resolved to use Mastercard atm's for cash withdrawals the question is if that extra load brakes down Mastercard services or if it will handle the rising demand for cash, at extreme it brings questions to if there is enough cash at the atm's to cover consumer needs... Fun times ahead.