Earlier quoted context omitted.
Another American here, I find these self loathing kind of posts to be so sophomoric and embarrassing
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Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment
471–480 of 811 posts
Re: Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment
#472Re: Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment
#473Love to see it. When Canada legalized weed in 2018, the US administration made it clear that they can ban Canadians from the US for life if they have used marijuana in the past. The administration alluded to looking at Canadian's transaction history to facilitate cracking down on this more harshly[1]. It was so clear at that point to me how badly sovereign payments and banking is so needed. FATCA is a thing, I get it…
So now that 8 years have passed since that article was written, do you have any idea how many Canadians have been banned from the US for life because they used marijuana in the past? > credit card data can be stored in the United States, where it’s an open book to U.S. authorities, who don’t need a warrant to access it if it belongs to non-Americans > A U.S. border guard could quickly put a Canadian in an impossible…
The problem I'm trying to point to is that we cooperate internationally because it benefits both countries or pushes towards a common goal- but when one of the cooperative speaks of turning that cooperation into a weapon, to me, makes it clear that the goal of the cooperation has changed.
Re: Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment
#474Wero 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…
> should redirect me to my bank Eugh. The problem with that is that people don't verify they've actually been sent to their bank. An attacker will set up fake merchant sites, pay for Google ads to get your traffic, then have you log into your bank to pay for things. The more we normalise this, the quicker people will fall for it.
Re: Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment
#475Wero 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…
Re: Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment
#476Wero 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…
I'm just not sure this directly competes with MC/Visa the way the article suggests. Didn't other EU countries already have something similar to iDEAL, as opposed to using credit cards? And now we're just consolidating them? Also, isn't this just about online payments? Who's going to pay for a coffee with either Wero or a credit card? AFAIK most EU consumers use direct debit cards for in-store payments (those countrie…
Re: Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment
#477Earlier quoted context omitted.
What about sanders, mamdani, aoc? Or are they just fringe candidates and don’t count? For every AOC there are a dozen Schumers I guess. But I disagree with your thesis because there are factions of ethical capitalists in the democratic party that have never existed in the modern Republican Party.
As a former Sanders supporter, it became clear that even though Bernie was likely acting in good faith, the establishment used all of their levers politically and in capital-controlled media to limit him to the role of controlled opposition. Emphasis on "controlled." > ethical capitalists That is not a coherent concept, especially in late stage capitalism.
Blaming the media, capitalism, Debbie whatshername and insider elites is just Bernie Bro conspiracy theory making excuses for a bad, unpopular candidate.
> late stage capitalism
This is not a coherent concept, it's a term that doomers use to blame all of their bugbears with western society on shadowy cabals of nebulous elites. Ethical capitalism is, in fact, real – Elizabeth Warren, Robert Reich and Teddy Roosevelt are all examples.
Re: Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment
#478Earlier quoted context omitted.
Considering the head of EZB is a convicted criminal with, lets call it interesting, letters to the convicted criminal Sarkozy I am not sure what is plague and what cholera.
Lagarde is not a convicted criminal. She was convicted for negligence, but this is not a criminal conviction.
Re: Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment
#479Earlier quoted context omitted.
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As a European, I apologise for this arrogant reply considering how awful Europe has been as an ally over the past 50 years. I promise we will do better and am glad that we're finally trying for once. Now let's see your introspection (:
Apologies the other way around, though.
Re: Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment
#480And also, Wero (unlike something like PayPal), is integrated in your bank's app, for (almost) all participating banks
[0] (Warning: French) https://fr.wikipedia.org/wiki/Paylib