631–640 of 811 posts
Somewhat tangential: With advent of LLMs that are very good at translating European languages into English, I think it is great that people are submitting non-English content. I support it 100%. I hope that we see more of it. It will help to expand our "HN Universe" to include more languages and content.
So this is basically the EU version of Zelle? Basically a way to transfer money between parties who already have established trust. Am I understanding that correctly? But I am confused about how this relates to Visa and Mastercard. Those systems are used for payments between parties that have not necessarily established trust.
Yes Wero and Zelle are similar: real-time payment systems, where money is sent directly from bank account to bank account, and recipients are looked up with a convenient ID (a phone number, or an email).
These are two different use cases. I do not think anyone in their right mind is using Zelle to send money to a party they do not fully trust.
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Isn't a wrapper making the ergonomics better valuable enough? In Sweden we have Swish for domestic transfers, if I could use Swish (or if Wero took it over) the same way to transfer money to my friends living in other EU countries I'd be very, very happy. What kind of functionality PayPal offers that is much better? Using cards instead of direct debit?
I don't think it is. If you want people to move, you need to give them something. And SEPA but with phone numbers isn't it. At least not for me. Especially if it means that I am dependent on whether my bank implemented it. I have recently seen people surprised when they sent a Wero transaction and the other party could see their IBAN.
I don't personally know anyone who uses PayPal, the only times I used it was for transferring money using F&F to purchase 2nd hand music gear.
If it requires (or will require) Google/Apple authentication then it's of course not sovereign payment. It looks like Wero works on GrapheneOS, at least for now. Will that always be possible? Will it always be smartphone only, or will there be other options? I've read about the problems kids (eg, 10 year olds) are having in the countries which have gone mostly cash-free when they don't have a smartphone or debit card…
You can only be electronic payments only if you are a temporary sales location such as a flea market, ice cream van, etc.
And then Apple pay and Google pay are not going to implement it, and nobody is going to use it.
We're entering an era of "tech nationalism". China has been completely vindicated for esssentially not allowing their country and economy to be held hostage to foreign tech companies. It would be an era of "tech colonialism". Look into the century of humiliation, gunboat diplomacy, the opium wars, etc and see why China might not be on board for that. Europe collectively is a US vassal state, not just in tech. As an e…
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> Some even think the relationship is inverted, believing that as the world de-Americanizes, Americans will somehow benefit from this. That may well be true of the working class, who receive nothing from the foreign income multinational corporations earn but face more competition to buy housing from the people who do receive a share, and more competition for jobs from foreigners (both immigration and globalization).
The people who hold these views are overwhelmingly not members of the working class. They're retirees or Gen-Xers coming off their peak earning years.
> The people who hold these views are overwhelmingly not members of the working class. They're retirees or Gen-Xers coming off their peak earning years.
That implies young working class people think their lives would be worse if America does not remain a global hegemon.
I'd love to see your sources for that claim. That is not my impression. I have seen little if any support for American hegemony among the young.
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If they haven't been redirected to their bank, verifying with their mobile banking app using a QR code will not work.
So I have to get out my phone every time I use my credit card on my computer?
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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.