Earlier quoted context omitted.
Carrying this device is the key here. Eventually we all need to carry it around, track us everywhere.
Most people have mobile phones that need to roughly know your position as a technical necessity, why are you speaking like its 1990's?
Europe's $24T Breakup with Visa and Mastercard Has Begun
991–1000 of 1001 posts
Re: Europe's $24T Breakup with Visa and Mastercard Has Begun
#992Earlier quoted context omitted.
You may say that, but last I checked, we don’t get stopped and shot in the streets by masked goons on government payrolls.
Sure, but I am talking about government-mandated surveillance through legislation. Also, your police aren’t afraid to go the extra mile to quash dissent. Look at what’s happening in the UK for example with Palestine Action. The only difference is that they are less armed and better trained.
Re: Europe's $24T Breakup with Visa and Mastercard Has Begun
#993Earlier quoted context omitted.
All of those things don't require having a supranational body who you relinquish large parts of your sovereignty to.
Which is why bank to bank transfers are so easy in the US.
My bank requires me to fill in a paper form, scan it, send it by mail, wait a week, then get an answer (often, "no, give us more details") if I want to send money in another country. Neobanks tried to solve this for lower amounts, but will freeze easily your account for "AML" if you send low six figures.
Re: Europe's $24T Breakup with Visa and Mastercard Has Begun
#994Earlier quoted context omitted.
> you work on mobile apps you will notice that full attestation is too slow to put in the login path Hm, Play Integrity isn't that slow on Android, from my experience. > don't think a good security engineer would rely on atty as "front line" anti brute force control since bypasses are not that rare I'm not privy to device-wide bypasses of Play Integrity that ship with Trusted Execution Environment (which is pretty mu…
> Insulin monitoring apps Funny that you say that, but the so far best artificial pancreas that is completely free and open source will soon be much harder to install to any Android phone without every user getting a valid key from Google. In Germany, doctors even recommend these tools if they work. Because they make patients who know what they are doing healthier and more safe. Naturally me and hundreds of other dia…
Re: Europe's $24T Breakup with Visa and Mastercard Has Begun
#995Earlier quoted context omitted.
It is not. https://tradingeconomics.com/country-list/private-debt-to-gd... The widespread use with "buy now pay later" also counters your wildly baseless claim. Klarna, PayPal 30 days etc.
Just because you have to use Klarna doesn't mean you pay later as you can just select your debit card or even bank account directly.
Re: Europe's $24T Breakup with Visa and Mastercard Has Begun
#996Earlier quoted context omitted.
They should just do on the lines of what India has been doing with UPI and Brazil with Pix. Both massively successful at this point. Of course take their good parts. By the way, since you wondered, it seems to be > built around the digital wallet Wero and wikipedia says its a mobile payments method. I hope not. I hope it's rather an interface/spec. (On a side note, I also hope individual countries of EU ensure that t…
> Of course take their good parts. I completely agree. Sadly UPI is now almost completely dependant on platform integrity ( google and apple).
UPI will work even without a smartphone, it will work on even with a basic feature phone, using USSD codes! That's called UPI 123PAY.
https://www.msn.com/en-in/money/news/upi-without-smartphone-...
This feature allows rural populations, poor people, small merchants, etc., to send and receive UPI payments, even without a smartphone.
So UPI has no dependency on Google or Apple, it can work on any basic phone that supports USSD codes feature!
Re: Europe's $24T Breakup with Visa and Mastercard Has Begun
#997Whatever they come up with, I hope it doesn't tie you to a Google or Apple smartphone. Can't we have cards for this? In Spain, for example, to use Bizum, you need either an Android/iOS smartphone (and for the Android case, as you use it from your bank's app, it would typically require some Google security assurances - so no Huawei phones allowed, for example) or logging into your bank's website and use Bizum from the…
> Whatever they come up with, I hope it doesn't tie you to a Google or Apple smartphone. I would also hope so, that is the entire point. The reason they are scrambling right now is because Starlink just shut off all of Russia. Because Starlink was so cheap and easy (and stable for the last 4 years of the war), a lot of people in Russia stopped using any other form of internet access. And while all of Europe is happy…
Re: Europe's $24T Breakup with Visa and Mastercard Has Begun
#998Earlier quoted context omitted.
> Of course take their good parts. I completely agree. Sadly UPI is now almost completely dependant on platform integrity ( google and apple).
You need to research better before forming and sharing wrong opinions about world's most popular payments system: UPI. UPI will work even without a smartphone, it will work on even with a basic feature phone, using USSD codes! That's called UPI 123PAY. https://www.msn.com/en-in/money/news/upi-without-smartphone-... This feature allows rural populations, poor people, small merchants, etc., to send and receive UPI paym…
I forget what the company was called, m-pay or something like that.
Re: Europe's $24T Breakup with Visa and Mastercard Has Begun
#999Earlier quoted context omitted.
This would still rely on Visa/MasterCard allowing dual-branded credit cards for overseas transactions, which isn't a very common arrangement. The only market that has this is in Asia where there are UnionPay + Visa/MasterCard dual branded cards and I suspect that the reason they allow this is because the market is huge, especially compared to Canada. Also Interac does not do online transactions outside of some very s…
> This would still rely on Visa/MasterCard allowing dual-branded credit cards for overseas transactions, which isn't a very common arrangement False? Co-badged cards are used in Germany, were used in NL, are used in NZ/AUS, many more examples than just "Asia".