Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment

lesnumeriques.com

Post reply on HN
Print view View original

401–410 of 811 posts

Re: Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment

#401

Post by BadBadJellyBean »

rbanffy wrote: post #17
BadBadJellyBean wrote: post #10

Earlier quoted context omitted.

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.

Tell that to my bank. I am a software developer. I could probably do it. But I don't work there.

Re: Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment

#402

Post by makeitdouble »

jfengel wrote: post #350

(In French.) That could be a massive hassle for American tourists, who will still mostly have Visa and Mastercard. I'm sure that there will be some kind of solution -- I suspect Google Pay and Apple Pay will support the new network. But I'll have to keep an eye out. I might even have to start bringing cash. I used to make that the very first thing I did on landing. The last few times I didn't get any cash at all.

Those merchants will move to supporting more networks.

It's the same situation as Diners or Amex, they're supported wherever the merchant felt it made sense to go the extra mile. Touristic places typically pay attention to that.

Re: Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment

#403

Post by seritools »

echelon wrote: post #50
fontain wrote: post #26

Earlier quoted context omitted.

I’m 50. All startup news looks like this: “Payments via Zoosha? K-smog and Batboy launch new startup.”

It's better than that trend of taking English words and removing the final vowels before "r" or some other consonant.

then add a second r and it's suddenly piracy or torrent related!

Re: Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment

#405

Post by RobotToaster »

philipallstar wrote: post #87
sschueller wrote: post #81

Earlier quoted context omitted.

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.

The choice is between the ECB and visa/mastercard (who are de-facto controlled by the US government).

It's a shit situation we're in, but the ECB seems like the lesser evil.

Re: Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment

#406

Post by amelius »

PowerElectronix wrote: post #359
amelius wrote: post #308

Earlier quoted context omitted.

> 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.

It deems to me that the rule of law is easier to apply to third parties than to the government that is in charge of administering it

Not if your government properly implements separation of powers, as is the case in most Western countries.

Yes, I'm aware someone is trying to undermine it in the U.S. currently. That doesn't mean that companies are a safe haven suddenly.

Re: Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment

#407

Post by drstewart »

llm_nerd wrote: post #363
kvgr wrote: post #212

Earlier quoted context omitted.

What makes you think EU will not look into it and block us from buying “bad things”?

Do you think that is a retort in some way? EU residents have a say over the EU. Canadians have a say over the Canadian government. We do not have a say over a nuclear-armed idiocracy forcing it's profound corruption and stupidity on other sovereign entities. For instance right now the US, in defending their war-crime boss Israel, has sanctioned judges of the ICC, including Canadians, Europeans, etc. Any US firm enfor…

So is Wero going to give everyone in the world a say over its regulations or will it be a busted, provincial, EU-only concern?

Or maybe they'll have it in the great independent territory of Greenland as well.

Re: Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment

#408

Post by mytailorisrich »

mcv wrote: post #362
mytailorisrich wrote: post #284

Earlier quoted context omitted.

IMHO, QR codes are a big step back from contactless and appeared in countries that didn't have widespread card adoption (e.g. China),

QR codes aren't a replacement for contactless. Contactless will stay, although unfortunately Dutch banks have recently discontinued their own contactless payment system and moved to Google Pay, which was a terrible decision.

I guess the point is: Why would you bother with QR codes if you have contactless?

Re: Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment

#409

Post by functionmouse »

BurningFrog wrote: post #262
functionmouse wrote: post #238

Earlier quoted context omitted.

Yes, but it's a statistically negative sum game for the customer. Visa wouldn't offer such a service if they weren't winning out in the long run, collecting rent on every one of your purchases.

You're describing the concept of insurance.

I know ;)

Re: Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment

#410

Post by Nerwesta »

amelius wrote: post #308
philipallstar wrote: post #87

Earlier quoted context omitted.

That sounds a little authoritarian for many Western countries, I imagine.

> 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.

Until such governements have already loopholes to circumvent rules of law, I'm as sad as the next guy but the EU technically has that.
Post reply on HN