We got UPI in india and it’s amazing. You use it and feel like the rest of the world is living in the past.
Every country except US has an equivalent system tho.
The us has like 3 equivalent but not interoperable systems. They are all controlled by the same 2 people
Don’t let the Christians get up in there and dictate what you can and can’t buy with it
Please let’s think this ALL THE WAY: it is pointless to look for alternatives to the customer facing part if the backend still runs on US software.
We need European alternatives to the 2 American duopolies: Visa and Mastercard / Android and Apple.
Android is open source so any European company can just fork their flavor the same way Huawei did.
And there are alternatives to visa/mastercard but their local to each country: Cartes Bancaires in France, Girocard in Germany etc.
Isn’t CB in France still running through visa/MC?
Nope, they just integrate visa/mastercard for international payments like most other European providers.
I’d love to see it.
Cashless payment is fucked. Using a phone to pay with? Sorry, only google wallet or apple pay, and in most cases only visa or mastercard. It’s only recently that that Danish “Dankortet” is getting support in those apps. Bit fucking late, but US led companies don’t give a fuck.
Samsung have their own wallet app, too. There are also a number of alternatives to Visa and Mastercard, but unfortunately, they are not as widespread or are limited to a particular countries banking system. In Canada, we have Interac, for example.
Yeah, but at least here in DK the banks have to “support” those wallets. And as far as I know, none of them do, it’s just Apple or Google. For reference the biggest bank in Denmark, “Danske Bank” also support Garmin Pay, but that’s for smartwatch NFC pay. (Also those products aren’t for plebeians like myself.)
I heard that Norwegians managed to open the Apple Wallet, so the iPhone can have an app that does it without Apple’s stuff :)
Yes it’d s called GNU-Taler, Chief
Try it, you might just like it ;-)
I really like the concept of Taler.And I hope it goes somewhere.
I would love to have an EU bank card. Hope we get one soon.
If anything, I’m really glad how Europe has stepped up and started cooperating more as a consequence of US actions these past few months.
The Chinese jokingly call Trump “Comrade Jianguo”, because of how his trade war has made China become more independent and stopped relying as much on American companies.
In the same way Trump’s latest tantrum seems to be good for the Europe.
Look into Wero. Only a couple countries and people to people payments for now, but should take off quickly as a universal Euro payement method
That’s the Trump bump! And it’s only been eight weeks.
Or is it hump 🤔?
Soon to be the Trump depression, but probably only for America.
If it is, it will be crippling. There’s enough misery on that country as it is; I don’t want to see people suffer even more. But then again, maybe a systemic shock rattles the building enough.
It’s about time.
If only there was an encrypted permissionless way of sending money instantly, it’s cryptic nobody hasn’t invented a lite coin or moneyro like that.
Get out of here Charlie P
Too bad about crypto.
This is the exact kind of situation it was meant to deal with: finance independent of bad entities. But it’s such a dumpster fire…
I don’t think there’s a purer example of social media engagement hype, predatory capitalism, and disinformation ruining something neat so quick.
There is GNU Taler which is quite cool, but thats not really ready for use yet sadly.
Oh yeah, that seems really cool. The core premise is much more practical.
Yeah, money that expires is very practical
It really depends on the cryptocurrency in question. Some coins are much more credible than others. Lumping them all in together is like saying that the Japanese Yen and the Lebanese Pound are the same.
Doesn’t work when the valuation goes up and down like a yo-yo. You need same currency.
Unlike fiat currencies most of the credible cryptocurrencies have increased in value over the past 10 years.
Stablecoin is a thing. So is a system to control inflation.
The more pressing issue to me is the core premise: a totally anonymized but publicly recorded financial system makes no sense, especially when the user generally won’t grasp it. It’s just begging for thieves and scammers, and that’s what it got.
Monero exists. https://www.getmonero.org/
But if you can’t get rich, no one wants to buy it or use it. This is the conundrum of crypto.
Yeah, and that toxic idea has completely poisoned the well.
But you can use the technology behind it
Afaik, not really.
social media engagement hype, predatory capitalism, and disinformation ruining something
I mean, it still works for getting around Visa and Mastercard. For instance it can be used to make donations to various media piracy groups. It’s just that it’s so useful to scammers and many people see the technology as a whole as being one ‘brand’.
It’s more than a perception problem now, it’s a culture one within the crypto community (as far as I can tell).
Even if you treat the most prominent crypto as a utility, the sea of hype and speculation will affect you.
Maybe. I feel a bit out of the loop on “crypto community culture” because I understand that much of it largely exists on Twitter nowadays, and I don’t go there. Still, it is a functional solution for a money equivalent of encrypted communication.
Or Discord! And investment TV! It’s so cultish, it’s unreal.
I think this should be distinguished between “pure” crypto enthusiasts, in it for the utility, not speculation, which are probably like pink elephants now.
AI has a similar divide, where like 99% of the hype is on Twitter and TV with AI bros, but there are little niche communities messing with open weights, locally runnable models in a much more grounded way. /r/localllama used to be a hub for this (and there is a little branch on Lemmy), but unfortunately it seems to be getting strangled by Reddit enshittification .
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GNU Taler seems to be a good thing to look into. Not a crypto currency but a payment system which preserves anonymity of the buyer.
Yay GNU Taler is very promising, but I fear banks prefer proprietary systems.
It may become widely used if there’s strong customer demand for GNU Taler, or regulation requiring an open electronic wallet. Most banks would probably be dragging their feet.
It has been a while since this appeared; I wonder if it picks up steam. Now or never?
Please expand it to Canada too. We need a real alternative to Visa, Mastercard, American Express and Discover.
Canada shares a land border with Denmark and a maritime border with France.
I think that is sufficient to include them in any extended EU schemes.
(To the degree that they want it, of course)
We also administer Vimy Ridge in France. While it isn’t Canadian territory, we have been granted permanent usage of it. It’s a little bit like a land border. :)
France shares a land border with Brazil, we should get them into the EU as well.
I can support this.
Brazil and Suriname back into the European world.
🇧🇷🇸🇷
Yes, more European colonialism. That worked out really well in the past…
Oh wait.
Oof, yeah, sounds bad when you phrase it like that.
Canada shares a land border with Denmark
🤔
A maritime border with France.
🤔
Canada shares a land border with Denmark
Brave men & women fought over Hans Island in the Whisky War, and the resulting land border is a testament to their bravery, livers, and the determination to find a longlasting solution to land disputes!
livers
👏
Isn’t that about that disput where everynow and then a group of military from each country would go up a hill, plant a flag and leave a bottle of booze, just for the other country to take it down and swap the bottle?
If so, I’ve seen less convoluted ways to make friends.
Yes. It was solved in 2022 by dividing the island by a natural rift. However it was also decided that anyone who come to the island can travel the entire island without border control.
Finally! Crazy bickering.
Hans Island in the Arctic for Denmark and Saint Pierre and Miquelon, which is a small island off the eats coast of Canada, which remains a part of France.
There’s Wero, a European alternative to VISA and Mastercard.
Is it? Doesn’t look like they offer debit/credit cards.
Looks more like a PayPal alternative.
Yup that’s the current state of it. They say they’re planning to add in-store and online payment options though
It’s a PayPal alternative, but developed in tandem with most European banks. That way, it will at some point also be used as backend for your normal debit and credit card payments, instead of VISA / MasterCard. If I remember correctly.
Yup, there’s no reason to be happy about the alternative to MC and Visa, they will use it as an opportunity to introduce CBDC
The EU plans this for many year, but the problem is every country is doing its own thing with its own standard, that is not working anywhere else. In Germany for example we have Giropay as a solution, which doesn’t work in other countries. As it turns out, people move though, that’s why for a couple of years now every bank is switching to VISA debit cards…
As far as I know, Giropay is being replaced by Wero, which is already supported by some banks in different European countries.
It is so far one if the better PayPal/Visa/MasterCard alternatives I‘ve used, but adoption is still a problem.
Yeah I’ve got a notification about Wero in my Sparkasse App but haven’t bothered checking it out yet lol
I have a couple of friends that seem to like it tho, I just rarely send any money
Annoyingly, we already have fast transactions as part of SEPA. But they’re somewhat inconvenient to do and especially not available by just holding your card in front of a sensor.
If we had a harmonized standard for that we could get rid of Visa and MasterCard. And if we had a common web interface to make SEPA transactions more convenient than manually typing an IBAN into a homebanking interface we could get rid of PayPal as well.
Yes, I know services like that exist but I really hate how the current ones expect me to type the login credentials for my homebanking into a third-party website.
Exactly. Austria has eps which works well within Austria and with Austrian companies online, but no further than that.
