High time to address this issue that is filling the coffers of an US duopoly at the expense of European (small) businesses, not to mention the implications of handing over your financial payment services to an increasingly unhinged and unreliable foreign power.
DramaticSimple4315 on
The easiest business there ever was. Crazy that the EU let itself ransomned for decades, with billions and billions channeled all the way to US retirees on the south Florida coast, for a trivial service any european company could have provided.
The stupidest thing in all this being that Eurocard was initially a european consortium that let isleft be eaten by mastercard, and that their was the “Carte Bancaire” consortium in France also proposing a payment service.
nim_opet on
Finally.
TTWBB_V2 on
Better late than never. Should have been on this like 20 years ago, but still…
FantasticQuartet on
This is partly why I still use cash when I can. But a European digital alternative would solve that.
Chemical_Station_945 on
Does it work with a Linux phone? Or what if I don’t have a phone or internet connection?
If it only works with Android and iOS, then it won’t eliminate the dependence on US companies completely.
But it’s still better if the transaction cost stays in the EU.
Goldenrah on
If we average a transactional cost from 2 to 3%, at 24 billion dollars (so called trillion in american english) that puts us at 480 to 720 milliard dollars paid out to VISA and Mastercard every single year, going out of the European Union.
Adventurous_Hand3705 on
We might have been slow to catch on whats happening with the US….but were there now loud and clear
8 commenti
And not a moment too soon.
High time to address this issue that is filling the coffers of an US duopoly at the expense of European (small) businesses, not to mention the implications of handing over your financial payment services to an increasingly unhinged and unreliable foreign power.
The easiest business there ever was. Crazy that the EU let itself ransomned for decades, with billions and billions channeled all the way to US retirees on the south Florida coast, for a trivial service any european company could have provided.
The stupidest thing in all this being that Eurocard was initially a european consortium that let isleft be eaten by mastercard, and that their was the “Carte Bancaire” consortium in France also proposing a payment service.
Finally.
Better late than never. Should have been on this like 20 years ago, but still…
This is partly why I still use cash when I can. But a European digital alternative would solve that.
Does it work with a Linux phone? Or what if I don’t have a phone or internet connection?
If it only works with Android and iOS, then it won’t eliminate the dependence on US companies completely.
But it’s still better if the transaction cost stays in the EU.
If we average a transactional cost from 2 to 3%, at 24 billion dollars (so called trillion in american english) that puts us at 480 to 720 milliard dollars paid out to VISA and Mastercard every single year, going out of the European Union.
We might have been slow to catch on whats happening with the US….but were there now loud and clear