it won't be able to challenge Visa and MasterCard if it isn't available internationally. European businesses also need ways for foreigners to pay for their services.
Availability depends on adoption. Europeans travel a lot, there's a strong incentive for it to be offered if the demand is there.
True, it’ll need to be something like alipay or wepay for the Chinese, I’ve seen enough places around Europe that offers them as valid payment methods
For the millionth time yes.
Wero is more like an alternative to Paypal. The Digital Euro is more akin to replacing VISA/Mastercard.
All of that free "interest" money from the poor is finally being re-routed to another area of the globe. I wonder if the huge credit card predatory interest rates will be the same? If so, then it's just a bait and switch and nothing changes.
Will this be in the form of usable swipe/contactless cards or via some app running on either Apple or Google OS?
The US will absolutely panic once this starts to spread.
They will have no control, and no eyes on what Europe does with its money.
Power to the EU.
No doubt they are lobbying hard to bring this to the attention of Jabba the Trump.
Now UK has to step up and join
We’re calling it Super Money.
We're calling it Super Money And John F. Kennedy Center for the Performing Arts
Brazil and India already have their own systems which are up and running.
Yeah, I was shocked to learn how dependant EU was on American technology.
I think it boils down to national pride. Both Brazil and India took pride in making their own payments system. Eu was pretty chill until uncle Donny came.
It's like, don't try to fix what's not broken, and Trump broke it. Though honestly, they should have started earlier, I think as early as Trump's first term.
nah, all the US government has to do is ask Apple and Google to delist the wero app and it'll be cooked
digital sovereignty and mandatory locked down rectangles are fundamentally incompatible
That won't fly. The EU is a massive market for Apple and Google they won't want to lose.
But hey, I'd love those monopolies to burn too, so be great to see the problem of them highlighted like that.
Digital sovereignty is suddenly a hot topic.
Trump and data brokers will lash out if people just simply used cash.
I sure hope this becomes available to Canadians.
Trump is doing permanent damage to the US
Putin is laughing his cock off, he destroyed America from the inside
Just wait until you read about Pasmo and similar. I like Pasmo a lot. You can top up a card use it for transportation, convenience stores, ~~grocery~~ stores, eating out, vending machines, the arcade >_>, etc. It's like a bus pass that you can use in a pinch. And the security is actually not too bad. It's like a different approach, you need to pay your fare for a train but you can get lunch and beer with it as well (for your ride lol). No need to go to a bank, there's terminals at every station. I mean you'll be SOL in the countryside.
It's been underway for a while, EPI - European Payments Initiative.
Hopefully I'll be able to rid myself of my mastercard sometime next year and just rely on Vipps/Wero. Next year is where they roll out point-of-sale across most of Europe.
If it relies exclusively on smart phones they can fuck off, they changing one overlord for another one from the same place, except this one is even shittier.
what is the alternative for sending digital money fast and easy?
A website?
Another card instead of an app that requires google's blessing and supervision.
They want to challenge visa and mastercard by droping their trousers and bending over for google.
Stop digital ids and age verification.
Seems like it's Wero again. Which is American-approved smartphone exclusive.
I don't see it as a replacement for Visa/Mastercard, only possibly Google/Apple pay and things like PayPal.
It's becoming increasingly bizarre to me that virtually all journalists will absolutely refuse to mention Google Play and iOS exclusivity. Has anyone figured out why that is?
Norway already has BankAxept, which works pretty good. Tæpping with Vipps is a great alternative to Apple/Google/Garmin Pay as well.
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