In my opinion, Wero is harmful and the comparison with Visa and Mastercard is moot. Wero is not and will not be a card network will all its features so not a r

In my opinion, Wero is harmful and the comparison with Visa and Mastercard is moot. Wero is not and will not be a card network will all its features so not a real competitor. Also, currently the perfect alternative for european is instant transferts (and openbanking) that was imposed by EU to banks. That is the working quite well and the equivalent to Pix in my opinion. But, especially for OpenBanking, european banks have done everything to block open systems like that, that gives more control to consumers. So, here comes Wero, the goal is for the most awful legacy Europeans banks to create a new monopoly under their control. They use the "instant transfer" network, they sugar coat that with a proprietary stack to match phone number/emails with iban accounts and to give each other a few exemptions of 2 factors confirmations and so. But access to the network and protocols will be secret and kept for themselves to prevent fintech and competitors to disrupt their grip on consumer money spendings. If you look at it, Wero is not an innovative stack, it is the usual java shit that you find in the old banks. The kind that make your bank app a real pain in the ass with stupid limitations.