301–310 of 811 posts
I'd like to take this opportunity to share with you all that Wero is called Wero because Euro is pronounced "you-ro" and when you share your you-ro it becomes a we-ro.
This in not true for everywhere that uses the Euro, unsurprisingly because that encompasses a large linguistic area. I know for a fact France doesn't pronounce it that way.
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One silver lining of the current U.S. regime's behaviour is how it's forcing us to move out of the local minima of over-Americanization that we've been stuck in for too long.
Does the same sentiment apply to TN1 visas? Funny how you never see those burned in protest
We've had such a closely integrated economy and it's been a win-win for a very long time. Whether it's resources like lumber or manufacturing like Ontario/Michigan, or massive amounts of fuel refinement, we're so closely interconnected that we've needed that ease of cross-border travel for work. A consequence is that our industry hasn't evolved as much as it could have. We're sitting on an enormous amount of natural resources and technical competence that we've been feeding in to American companies forever, because we were reaping sufficient profits.
What the current regime could absolutely do is force us further from that local maxima by throwing a tantrum over TN1 visas.
I work with a lot of Americans so I know they understand deeply: changing careers out of principle is a rare luxury very few can act on. Especially when you depend on your employer for healthcare (though we don't suffer that mistake as much). I wouldn't expect people to voluntarily quit their jobs the same way they are voluntarily stopping U.S. recreational travel in record numbers [1].
[1] https://www.cbc.ca/news/politics/cross-border-travel-down-dr...
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What bearing does the dollar have on any of this exactly?
What do you mean? How it cannot? In Europe's context, 60's and 70's, was a collection of fractured dozens of small countries each with its own currency. US had a single currency which was also world's reserve currency so every major bank on this planet already had to build technical and legal pipelines to handle global trade. On top of that you had US omnipresence in post WW2 Europe and world for that matter. America…
And regarding Visa and Mastercard being US payment networks: This is now undoubtedly the case, but for much of their history, their EU subsidiaries were actually independent cooperatives owned by large European network member banks. They only sold their respective stakes to the US parent organizations in the late 90s, back when European banks, in a pretty severe blunder, considered cards a thing of the past of no importance for the future.
This is written from a French perspective as if southern countries joined later because they were not as developed. Quite the opposite. Spain, Italy and Portugal were in the first years of EPI, but they went there own ways because of the lack of progress that was being made by other members like France and Germany. Bizum in Spain is quite popular (I would say that more than Wero in France) and now is starting to mana…
Wero is basically an EU-wide version of the Dutch iDeal system, which in my opinion is the gold standard of how internet payment should work. I shouldn't have to fill in any card numbers on the site of the merchant (which is unsafe). Instead, the payment should redirect me to my bank, where I authorize the payment through my own bank's security system. I've always been annoyed by the need to type in sensitive card in…
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PIX is also better because it gives control back to the central bank (as it was with cash) and not private industry although they are providing the service. The central bank controls what payments are permitted by what laws exist, not some risk management system that has decided that your legal purchase is too risky or some foreign state has applied sanctions against you.
That sounds a little authoritarian for many Western countries, I imagine.
If you ever had your account blocked by Apple or Google, you know exactly why a government is the better option. At least you have the rule of law on your side.
Big companies are the authoritarian situation, not the government.
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There is a 3DSecure system for existing Visa, Mastercard, and American Express. After typing your card numbers, the transaction doesn’t immediately go through but you are also redirected to the bank’s system. Banks can ask you to use a hardware token, an app, or any other second factor to approve the transaction. It’s a shame that this system isn’t ubiquitous for the rest of us not in EU.
> After typing your card numbers Yes, but the whole point of Wero is that you don't have to type in a bunch of info that can be easily stolen. With Wero (and many other international solutions), you just scan a code with your phone, and your banking app handles the transactions. The existing legacy solutions are just duct tape on an existing system.
Are there still cards that work without 2FA?
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> I trust my government (Switzerland) I do, too. I’m not sure I trust Brussels.
I certainly trust the EU a lot more than I trust US corporations.