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For everyone comparing an EU-wide initiative to country-specific ones keep in mind that EU is composed of 28 sovereign states. Many individual countries already

by rognjen 10mo ago

For everyone comparing an EU-wide initiative to country-specific ones keep in mind that EU is composed of 28 sovereign states. Many individual countries already have their payment systems, and have had for a long while. It's not equivalent to India, or the US. It'd be more comparable to ASEAN (11) or the Arab league (22).

SideburnsOfDoom 10mo ago
> Many individual countries already have their payment systems, and have had for a long while. Yes, but also Single Euro Payments Area (SEPA) is a thing already (1). SEPA instant has been live in some places since 2017 (2). 1) https://www.ecb.europa.eu/paym/retail/sepa/html/index.en.html https://www.ecb.europa.eu/paym/retail/sepa/html/index.en.htm... 2) https://en.wikipedia.org/wiki/Single_Euro_Payments_Area#SEPA_Instant_Credit_Transfer https://en.wikipedia.org/wiki/Single_Euro_Payments_Area#SEPA...