I think it's more likely they put pressure on Visa, Mastercard and French banks. If their choice is severing the relationship with Nord VPN versus the entirety of France, they'll choose the former. Losing Visa access would be very bad for Nord's business, so I think they'd rather comply.
The VPN provider could obviously just accept cryptocurrency from users in France, so is the theory that France is going to threaten Visa with not accepting Visa anywhere in France if Visa doesn't block foreign VPN providers in foreign countries from accepting Visa from foreign users? How would even that be effective, since you would only need one VPN service to choose "stop accepting Visa"?
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I think it's more likely they put pressure on Visa, Mastercard and French banks. If their choice is severing the relationship with Nord VPN versus the entirety of France, they'll choose the former. Losing Visa access would be very bad for Nord's business, so I think they'd rather comply.
The VPN provider could obviously just accept cryptocurrency from users in France, so is the theory that France is going to threaten Visa with not accepting Visa anywhere in France if Visa doesn't block foreign VPN providers in foreign countries from accepting Visa from foreign users? How would even that be effective, since you would only need one VPN service to choose "stop accepting Visa"?