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I'm looking for a European alternative to Visa/Mastercard that works across countries, not just in one country. I know there's this https://en.wikipedia.org/wik

by tdrz 2y ago

I'm looking for a European alternative to Visa/Mastercard that works across countries, not just in one country. I know there's this https://en.wikipedia.org/wiki/European_Payments_Initiative https://en.wikipedia.org/wiki/European_Payments_Initiative but I believe it's not operational atm.

jycr753 2y ago
cash.
- tdrz 2y ago
  I'd prefer a card with a European payment processor logo on it. An app might do as well...
jgilias 2y ago
Technology-wise this is a solved problem. Uses open-source software too. All the EU needs to do is say 'self-custody is fine, please use a EUR-based stable coin for payments EU-wide'. The market will do the rest (the stable-coin, payment terminals, integrations with cash registers, DeFi forex for places where EUR is not used, etc.).
- lifty 2y ago
  I hope there will be more adoption of EU stable coins like https://monerium.com https://monerium.com, and a payments ecosystem will form around it. The rails are there, we need the apps and the integrations next.
jeroenhd 2y ago
I don't think there's such a thing yet for payment terminals. Local alternatives all seem to have died off because banks in other countries didn't support them. I hope the new attempt you linked will make a difference. This time, international support seems to be at the basis of the system. Widespread integration of a unified form of iDeal/Bancontact/Payconiq could easily replace the need for American style credit card forms across Europe.
BlackFly 2y ago
The European alternative was sold to--sorry, merged into--Mastercard and rebranded to Maestro: https://en.wikipedia.org/wiki/Europay_International https://en.wikipedia.org/wiki/Europay_International. It was the E in EMV. So friendly were European and American relations in the past that it was allowed to happen.
- tremon 2y ago
  Yes, and the only current alternative to Mastercard's Maestro is Visa's V-Pay :/

by tdrz 2y ago

jycr753 2y ago

cash.

tdrz 2y ago
I'd prefer a card with a European payment processor logo on it. An app might do as well...

jgilias 2y ago

Technology-wise this is a solved problem. Uses open-source software too. All the EU needs to do is say 'self-custody is fine, please use a EUR-based stable coin for payments EU-wide'. The market will do the rest (the stable-coin, payment terminals, integrations with cash registers, DeFi forex for places where EUR is not used, etc.).

lifty 2y ago
I hope there will be more adoption of EU stable coins like https://monerium.com https://monerium.com, and a payments ecosystem will form around it. The rails are there, we need the apps and the integrations next.

jeroenhd 2y ago

I don't think there's such a thing yet for payment terminals. Local alternatives all seem to have died off because banks in other countries didn't support them. I hope the new attempt you linked will make a difference. This time, international support seems to be at the basis of the system. Widespread integration of a unified form of iDeal/Bancontact/Payconiq could easily replace the need for American style credit card forms across Europe.

BlackFly 2y ago

The European alternative was sold to--sorry, merged into--Mastercard and rebranded to Maestro: https://en.wikipedia.org/wiki/Europay_International https://en.wikipedia.org/wiki/Europay_International. It was the E in EMV. So friendly were European and American relations in the past that it was allowed to happen.

tremon 2y ago
Yes, and the only current alternative to Mastercard's Maestro is Visa's V-Pay :/