Earlier quoted context omitted.
Ehh, I live in Europe. Moving forward I don't think it makes sense to bundle it with the US, who is like the biggest threat to the EU, considering the past few years.
That was said exactly when that guy first came years ago. I'll bet my money ( via Wero or not ) the whole movement will be shattered by an " European-friendly " governement. Perhaps private companies will still retain a bad sentiment, who knows, everything else will be business as usual.
Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment
591–600 of 811 posts
Re: Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment
#592Earlier quoted context omitted.
You're completely ignoring that the Swiss system itself was a cultural output of that voting block, one they've kept remarkably insular, and with the remnants of this system going back to something like at least the middle ages. And then lucked out in many ways in WWII where most of Europe did not. The system didn't make the 90-95% euro voting block, the 90-95% white euro voting block made and support the Swiss direc…
The system is unique to Switzerland. But it's not the consequence of the skin color or the neutrality. All European countries have been practically 100% white until not long ago with vastly different outcomes.
I think the results have been pretty consistent that out of places 90+% euro-white voters in direct democracy and relatively neutral in WWII performed well (Lichtenstein was neutral in WWII too). I think it's harder to find examples of the creation and effectiveness of direct democracy in places where there is a lot more variance in culture -- Uruguay might be one good example but they are also probably the most guarded of citizenship in all of South America (you can very easily get residency but the judges will produce endless BS requirements if you try to become a citizen; they basically will not let it happen).
>But it's not the consequence of the skin color or the neutrality
Lets not pretend we're referring to the actual melanin in skin jumping out and doing something. No one thinks an albino kid of black parents is suddenly going to think like a Swiss voter.
>All European countries have been practically 100% white until not long ago with vastly different outcomes.
The outcomes of WWII ~neutral nearly all euro white fairly direct democracies (that's basically, switzerland and Lichtenstein) have actually been highly correlated with some of the best outcomes in the world, so I'm not sure how on earth you came to this conclusion or straw man argument that merely having white skin is magically gonna get you anywhere.
Re: Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment
#593Wero 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
#594Earlier quoted context omitted.
PIX from Brazil is even better, to be honest. But this is a big improvement over online CC payment. I lived in the NL and Brazil, so I can compare the two, and while iDEAL is pretty good, PIX is easier to understand, explain, and deal with. PIX has more variants, you can use it for recurrent payment, split payments, financing, cashout and almost all things a CC can do nowadays. I would say Tikkie is almost as good an…
> PIX from Brazil is even better, to be honest. You lack the inherent fraud, bankruptcy and other malicious actor protection that Visa/Mastercard provides. Bought something online and didn't receive your product? With PIX you're SOL, with Visa/Mastercard you get a chargeback.
This is no longer the case outside US. Last time I had the account of one of the few credit cards I'm using (on the Visa or Mastercard networks), for transactions I should have been clearly reimbursed / credited, as it used to be the case, actually awarded in my favor, was four years ago. Recent transactions, with proven vendor at fault, ended up with my loss. All over Europe (Im traveling a lot). So no tears shed for Visa or Mastercard losing the EU turf.
Re: Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment
#595Earlier quoted context omitted.
It could be cheaper though and it also reduces the reliance on an untrustworthy former ally.
The payer couldn't care less about how much the store pays for the transaction. He or she just wants to tap with their phone, and the default here are Visa/MC cards. In addition to the transaction price not being an argument for the payer, Wero also afaik does not have as much consumer protection as (certainly some) credit cards offer. I also bet the average person doesn't understand or care about the whole political…
I agree this could be a difficult battle and we effectively need some alternative to existing card issuers if they are to be displaced.
Current contactless payments are easy, secure and allow disputes etc.
Re: Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment
#596If it's p2p transfers why not just use SEPA instant transfers? As for online payments and POS payments, I don't even remember the last time I used a physical card. It's always been Apple pay and I really don't care which card is being used by Apple Pay
A Wero payment is executed as a SEPA transfer. As an online store you don't want to ask customers to manually input a payment reference into a SEPA transfer. It's all about ease of use (and safety).
How? With a SEPA transfer I can actually see who I'm paying. With a CC or equivalent it's a lottery.
Re: Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment
#597Earlier quoted context omitted.
> 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 worse to be honest. You're essentially asking for the government to be not only aware of but also able to control all digital payments. That upends how money has worked over (literally) mi…
Worse? Are you serious? In EU, Czechia. Foreign(french lol) banks are banning accounts because you work in gun manufacturing industry. In EU. When 2 countries from you, there is a FCKIN' war happening. Only because France, Germany, UK and similar countries are against guns and against self-defense, where your only option is to lay on the ground and let the attacker kill you. Luckily we can still use guns for self-def…
That shouldn't be happening. French banks on Czech soil should operate under Czech, not French laws. Otherwise the Czech banking authorities should go after them. Something is fishy about that.
Also, which banks do French citizens working in the arms industry use if they're not allowed to? This is all very bizarre.
Re: Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment
#598Re: Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment
#599Earlier 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.
Re: Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment
#600Earlier quoted context omitted.
Does the same sentiment apply to TN1 visas? Funny how you never see those burned in protest
That's my point, right? 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 eno…