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Europe’s $24 Trillion Breakup With Visa and Mastercard Has Begun (europeanbusinessmagazine.com)
submitted 5 months ago by to c/technology@lemmy.world
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[–] 47 points 5 months ago (5 children)

I'm glad to see Visa suffer, but I'm pretty concerned that Wero requires a proprietary phone app. There is no way to shop using Wero without this proprietary software.

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  • [–] 31 points 5 months ago*

    It doesn't require an app. When you pay, you select your bank and it will redirect you to a page that the bank provides. My bank provides a QR-code I can scan with their banking app, but it also offers a log in form to pay.

    So I guess it is based on what your bank is willing to provide.

    This is based on my experience with 'iDeal' the predecessor of wero.

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  • [–] 19 points 5 months ago (1 child)

    Is Wero OpenSource ? Between me & you, I really hope GNU-Taler gets mass adoption they are on version 1.3 I think

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  • [–] 15 points 5 months ago (2 children)

    Wero is intregrated into the banking apps we already have. In Germany the banks ING, Volksbank and Sparkasse already implemented it.

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  • [–] 0 points 5 months ago* (3 children)

    Alas I don't think the USA will have the political stability to ultimately allow the adoption of an alternative. There is zero point building something that also accommodates the USA right now as the new King is quite likely to ban it and waste all the time put into it. Even a treaty put in place wouldn't stop this from happening, so frankly its not worth an EU or any other countries company anticipating doing anything with the USA for the foreseeable future.

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  • [–] 5 points 5 months ago

    Personally, I think having WERO available to Americans would be a good thing for Europe. It aligns the American population more closely to Europe, and if America has a civil war, Europe would have stronger economic ties with the side they favor.

    As an American, I certainly wouldn't mind using WERO. Aside from buying my hentai games without censorship, I would like to keep my money in a safe institution. DOGE broke into America's social security systems, and exfiltrated data that includes things like bank account numbers. It wouldn't be surprising if Donald withdraws money from his enemies, without any oversight. Or just orders the banks to do so on his behalf, with ICE in every branch.

    Point being, I don't trust America with my wealth. Europe should use that feeling as a springboard for global spread of the Euro.

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  • [–] -3 points 5 months ago* (1 child)

    I don’t think the USA will have the political stability to ultimately allow the adoption of an alternative.

    "Stablecoins" exist and are among the most popular cryptos (1).

    the new King is quite likely to ban it

    Trump literally has his own stablecoin (2), not to mention other crypto grifts.

    At the end of the day capitalism is a grift regardless of the food chips used.

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