This is a most excellent place for technology news and articles.
I wonder how many trillions of dollars the Trump dumpster fire will end up costing American business.
You'd think our corporate overlords would remove him.
At this point, I wouldn't be surprised if they're working on it. He's destroying their bottom lines.
That said, if you go after the king, you'd best not miss.
Their bottom lines aren't very important to their goal of owning everything. Money is just a vehicle for power, but once they own everything and everyone they won't need it.
The parasites are still making money. Rocking the boat would temporarily interrupt the party, they'll continue to party until they're forced to change.
The question is incomplete. They will cost trillions, but the presidency, the party fixing elections right now, will cost the country the dollar itself. They will max out borrowing, then print money to pay off the debt and de facto default. They will turn all of those dollars into very much less valuable things.
Presuming no one stops them.
Good. Make it hurt.
I want to see CEOs from the sky.
They would be tiny from way up there
reminds me when Brazil launched their Pix payment system nationwide, which is free for individuals, and the US launched an investigation into unfair trading
potential unfair advantaging of Brazilian payment services over US competitors was cited
Brazilian President Luiz Inácio Lula da Silva has accused US president Donald Trump of being "bothered by Pix" because it "will put an end to credit cards"
lol get rekt
Against what? Against consumers that don't need to pay fees? Against the Brazilian government who is behind the pix?
Poor US companies with billionaires yatches bills to be paid.
Becoming independent from the US empire‘s dollar or oil is a serious crime that gets punished with dictatorship. It‘s no coincidence the US is launching a cascade of fascist think tanks and lobby groups against Europe right now.
Hello, friends in civilized lands, especially those of you who work at financial institutions...
Some of us in the states are excited to watch you do some damage to the entrenched middlemen that have been skimming from all of us for so long. Please do consider letting us sign up for the new stuff. Our money is still worth something, for now!
I agree 100% but also this is like when you watch your brother punch your dad to make him stop hitting your mom, and you know you're going to get the shit kicked out of both of you later for it.
...unless one of your grabs the crowbar and goes for broke...
Hey blue states...
Seconded.
i would gladly make the switch if for no other reason than just playing a tiny part in screwing over Visa and MasterCard.
Why? Cause fuck em! That's why!
come on canada start taking notes
At least we have e transfers and debit unlike down south. I for one will be jumping on the first non us credit card however.
I'm all for Europe doing their own thing. I'm an American and even I hate seeing the US use it's position for bully politics. No citizen of any other country should ever thing that an American company or govt will treat them with dignity or respect. Look at how we treat each other.
Why do Visa and MasterCard exist? The middleman that jacks up the price while offering the end user nothing? Thanks capitalism.
There was a time back in the day it was useful.
Love to see it.
Anything that diminishes Visa and MC's power is probably a good thing.
We've had this in Australia since the 90s at least. All debit cards are dual network: They support both Visa/Mastercard, as well as the local network (called EFTPOS). EFTPOS is noticeably cheaper to process - around 0.3% fee, compared to ~1% for Visa/Mastercard debit in Australia, ~1.5% for credit, and ~3% for Visa/Mastercard in the USA. The profits stay in Australia rather than going to a US company.
That's only for debit cards, though. EFTPOS doesn't support credit cards.
I'm glad to see Visa suffer, but I'm pretty concerned that Wero requires a proprietary phone app. There is no way to shop using Wero without this proprietary software.
It doesn't require an app. When you pay, you select your bank and it will redirect you to a page that the bank provides. My bank provides a QR-code I can scan with their banking app, but it also offers a log in form to pay.
So I guess it is based on what your bank is willing to provide.
This is based on my experience with 'iDeal' the predecessor of wero.
Is Wero OpenSource ? Between me & you, I really hope GNU-Taler gets mass adoption they are on version 1.3 I think
For those who were a little concerned about the "breakup" phrasing in the title, I didn't see any indication in the article indicating those payment methods would stop being accepted. Just moving away from being reliant on them.
if Turkey was able to do it with Troy, why not Europe with Wero? Hope it all goes well
Interesting
Efforts are underway to expand the international e-commerce presence of TROY, which is already widely used and 100% accepted at all retail locations and e-commerce platforms across Turkey.
source Translated with translate.kagi.com
Costco broke up with VISA so, it's possible. Re-establish the Templars again as the new money lenders from old.
Nice. We have JCB in Japan but I think it piggybacks off VISA/Mastercard for overseas transactions. It'd be cool if it partnered up with a European counterpart for purchases made in the EU.
Hope they don't just end up recreating their own version of it
They will.
Let me be delusional in peace
But... But... Blackjack and hookers...
Finally someone is doing something about this. I worked in finans and people wouldn't believe the amount of money that goes to America because we use EMV and whatever the payment transaction system was called.
Good. I don't want those two fucking corporate assholes telling anyone where they should spend their money on and banning or restricting accounts of any NSFW artist out there while their owners are all over the Epstein files.
Good. I hate Visa and MC
I think the Digital Euro is going to be a better idea long term - taking off the hidden tax of payment processor fees is going to make businesses and people richer.
I'm all for a European system like this, but the only downside I currently see is that using Wero wouldn't provide any protection in the same way that a credit card does, unless I missed that on the Wero website.
Give me the consumer protection of a credit card and I'll sign up to Wero or whoever!
From what I've read, it appears that it's simply one time, transactions.
Surely, they couldn't be that short sighted. This means no "saving for payment information" on your favorite online store.
Also, it seems this is heavily tied to your bank account, which kind of makes me a bit nervous. I like fintech solutions and being able to create "one time use debit cards" or debit cards with a maximum balance and at the moment, I don't understand how wero will fill this gap.
... but I really hope I'm wrong or some fintech will "step up" and make wero a legitimate replacement for visa/master card.
Great news. In India we have UPI which already made Mastercard and Visa come to their knees.
Fucking MAGA and Russia are fusing the European Union. Good! As an EU citizen I fully support this type of progress.
great news
we need more alternatives to Visa and Mastercard.
