4 ms·
> What's urgently needed is payment neutrality, like net neutrality. I thought the EU was working on digital cash? What is the status of that?
by bsder 1y ago
> What's urgently needed is payment neutrality, like net neutrality.
I thought the EU was working on digital cash? What is the status of that?
- Muromec 1y agoFrom what I heard It's a scaleup of Dutch IDEAL, which is a wrapper around SEPA. End user scans a QR code generated by a merchant with their bank app and everything magically works, including sharing the address. Bank app shows the amount and merchant name on the screen before approving and merchant gets the confirmation right away. I having used VISA/Mastercard network that much for years because IDEAL exists. Haven't heard about the EU version of it being anywhere in the works and I work in places where I should hear it. https://wero-wallet.eu/ https://wero-wallet.eu/
- subscribed 1y agoSharing the address? With the merchant? Does that mean that every random shop i buy in has now my home address? Nightmare.
- Muromec 1y agoMerchants have to deliver their stuff somewhere and put something in the invoice, so of course. Literally what pay pal was doing since forever too, just more federated and standard-based. Since it's EU with it's data minimization principles and privacy boner, of course they though about a checkbox to not share the address when not needed and argued about the default behavior in various committees for about half a year at least.