Banks have a long history of dealing with partners regardless of their ethics. They were one of the main brakes to implement sanctions against Russia. They are the main blockers to fight tax havens. To be frank, I’ll root for a US cooperative bank before I root for a EU for-profit one.

So yes, getting out of VISA/Mastercard is definitely needed, yay at that. But there is more to fix in the banking sector than dependency on the US.