I'm pretty sure American gov won't react kindly
I'm pretty sure European governments know that and are prepared to deal with the temper tantrum.
Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment
11–20 of 811 posts
Re: Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment
#12Banks in Spain, Italy and Portugal are joining what this article describes as France’s Wero system [1]. («L'initiative française Wero».) Focus this year is on P2P transfers. Commerce is targeted for 2027. Given EuroPA has done a token amount of transactions to date, I’m not sure anyone should hold their breaths. [1] https://en.wikipedia.org/wiki/Wero_(payment)
Wero is not French, but it has replaced France's Paylib. It's pretty awesome and seems to quickly have replaced all other apps (Lydia, PayPal) for small payments in my friend and family circles. I'm excited to see it expand to PoS payments.
Re: Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment
#13> A Frenchman using Wero will be able to transfer money to a Spanish friend on Bizum, with the same simplicity as a domestic payment.
Have you seen the new money app? It's on Tubu. It's on Weeno. I'm on Dippy but my friend is on Poob. Poob has it for you.
Re: Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment
#14I'm pretty sure American gov won't react kindly
https://news.ycombinator.com/item?id=43284950 - March 2025
> “How can I decouple from the US as fast as possible?” is what this leads to.
> Diplomacy is the art of saying “good dog” until you make it to the rock. The US will apply pressure for short term gain against allies while they move away long term.
Re: Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment
#15Source was posted back in February: https://news.ycombinator.com/item?id=46861789
Re: Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment
#16Banks in Spain, Italy and Portugal are joining what this article describes as France’s Wero system [1]. («L'initiative française Wero».) Focus this year is on P2P transfers. Commerce is targeted for 2027. Given EuroPA has done a token amount of transactions to date, I’m not sure anyone should hold their breaths. [1] https://en.wikipedia.org/wiki/Wero_(payment)
iDeal is an enormous success in the Netherlands so if banks implement it as well in other countries then it will definitely be competitive with credit cards for online payments
Re: Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment
#17Banks in Spain, Italy and Portugal are joining what this article describes as France’s Wero system [1]. («L'initiative française Wero».) Focus this year is on P2P transfers. Commerce is targeted for 2027. Given EuroPA has done a token amount of transactions to date, I’m not sure anyone should hold their breaths. [1] https://en.wikipedia.org/wiki/Wero_(payment)
I wish Wero was a real alternative but it seem to be a thin wrapper around Bank APIs and SEPA instant transactions. It has pretty much non of the functionality that PayPal or other services give. It just makes it easier to send money with a phone number instead of an IBAN. My bank doesn't even support it.
> My bank doesn't even support it.
It's not like it's that difficult to implement. Most Brazilian banks implemented a similar protocol in months.
Re: Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment
#18Totally misleading. Without reading all of it: MAYBE it means: it is/will be enabled for 130m people.
And even those of us who have activated it, have hardly used it for the most part, or hve concerns.
Re: Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment
#19Banks in Spain, Italy and Portugal are joining what this article describes as France’s Wero system [1]. («L'initiative française Wero».) Focus this year is on P2P transfers. Commerce is targeted for 2027. Given EuroPA has done a token amount of transactions to date, I’m not sure anyone should hold their breaths. [1] https://en.wikipedia.org/wiki/Wero_(payment)
I wish Wero was a real alternative but it seem to be a thin wrapper around Bank APIs and SEPA instant transactions. It has pretty much non of the functionality that PayPal or other services give. It just makes it easier to send money with a phone number instead of an IBAN. My bank doesn't even support it.
Isn't that much better than PayPal? Why would i want my money to end up in some intermediate PayPal account?
Re: Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment
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