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As much as this sounds unnecessary at first glance I wonder if this also means we could establish a Europe wide payment system alternative to visa and master th
by herbst 4y ago
As much as this sounds unnecessary at first glance I wonder if this also means we could establish a Europe wide payment system alternative to visa and master that doesn't come with all the stupid rules that feel so far fetched in a European society. And all the security nightmares credit cards come with.
- rad_gruchalski 4y agoSEPA: https://www.ecb.europa.eu/paym/integration/retail/sepa/html/index.en.html https://www.ecb.europa.eu/paym/integration/retail/sepa/html/...
- herbst 4y agoThis doesn't really compare to any other online payment standard? You still have to manually do a payment, afaik even copy and paste (or scan) a classic bill format. I mean something along credit card, PayPal, crypto. Simple, fast, direct. In Switzerland we just roll out QR bills that simplify the wire transfer process a lot. But it's just a layer over wire transfer basically. We also have 'Twint' that is an already established payment method instantly and also based on scanning qr codes (or touching payment bacons, or a phone number for private use)
- dangerface 4y ago> all the stupid rules that feel so far fetched in a European society. And all the security nightmares credit cards come with. Those rules are written by the EU and then implemented by visa and master. If we cut out visa and mastercard we won't be cutting out the clowns causing problems but handing the whole system over to them.