Good. The Mastercard and Visa tax never made any sense. We deserve better.
reminds me when Brazil launched their Pix payment system nationwide, which is free for individuals, and the US launched an investigation into unfair trading
potential unfair advantaging of Brazilian payment services over US competitors was cited
Brazilian President Luiz Inácio Lula da Silva has accused US president Donald Trump of being “bothered by Pix” because it “will put an end to credit cards”
lol get rekt
Against what? Against consumers that don’t need to pay fees? Against the Brazilian government who is behind the pix?
Poor US companies with billionaires yatches bills to be paid.
Becoming independent from the US empire‘s dollar or oil is a serious crime that gets punished with dictatorship. It‘s no coincidence the US is launching a cascade of fascist think tanks and lobby groups against Europe right now.
Very well said. What a great ally! My way or the highway.
Love to see it.
Anything that diminishes Visa and MC’s power is probably a good thing.
We’ve had this in Australia since the 90s at least. All debit cards are dual network: They support both Visa/Mastercard, as well as the local network (called EFTPOS). EFTPOS is noticeably cheaper to process - around 0.3% fee, compared to ~1% for Visa/Mastercard debit in Australia, ~1.5% for credit, and ~3% for Visa/Mastercard in the USA. The profits stay in Australia rather than going to a US company.
That’s only for debit cards, though. EFTPOS doesn’t support credit cards.
Same in Norway and I think same in many countries, biggest issue is across borders inside of Europe. Most payments online also.
Thanks for the info! The only two countries I’m familiar with (in terms of payment processing) are Australia and the US, so I didn’t want to make assumptions about other countries.
Yeah that’s not what we’re talking about here. Debit cards already have their own circuits, like Bancomat here in Italy. This is about credit cards.
Why would it need to be different for credit cards vs debit cards though?
I don’t think it’s a technical issue as much as a financial one
if Turkey was able to do it with Troy, why not Europe with Wero? Hope it all goes well
Interesting
Efforts are underway to expand the international e-commerce presence of TROY, which is already widely used and 100% accepted at all retail locations and e-commerce platforms across Turkey.
source Translated with translate.kagi.com
Turkish person here: Troy is not yet that popular, but it is slowly getting there. Give it another 5 years. The best example is probably Brazil’s Pix.
Nice. We have JCB in Japan but I think it piggybacks off VISA/Mastercard for overseas transactions. It’d be cool if it partnered up with a European counterpart for purchases made in the EU.
We have JCB as well but only for digging holes and moving earth.
I suppose I could do that too with my JCB, but it would take ages to get anything done since the card isn’t very big or durable!
Man I wish I lived in the EU
Right? The ecconomic benefits, the lack of financial catastrophy from suffering a paper cut, living wages, acessible mass transit, and the political stability. It must be like waking up every day in a dream.
Unfortunately the combined forces of US and Russian propaganda machines try very hard to ruin it for us, and they see some success in depleting EU membership support in polls and various political unrests
“Politic stability”
Hahaha…Good joke…
To be fair, it isnt as bad in the USA but you can’t really say it is really stable. The far right and conservatives are getting stronger and the left/right trench is getting bigger
The US is exceptionally stable. Their current administration has been demolishing their country for an year and they’re still in power, with support from the other branches of government.
Having lived in a couple of countries in Europe, from The Netherlands which has Proportional Vote system and a thus a multitude of small parties to Britain with a First Past The Post system like the US and thus pretty much a Two Party System, I’ve concluded that at least in Politics stability is just like standing water - it invariably turns into a swamp.
We need some amount of constant change to bring up and flush out the rot that innevitably accumulates in the murky waters of a system were power is always in the hands of a subset of people who are all in the same social circles, went to the same schools and whose sons and daughters marry each other.
Not “Daily Revolution”, just regular change so that any funny business going on outside the public eye risks being brought to light, destroyed and the guilty people punished because power has changed has to people who aren’t mates of the crooks that did it.
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More money ≠ more purchasing power
We may don’t get multi 6-figure jobs, but we also don’t have to pay 5-figures to visit a healthcare place and fear for our lives by being at will employed. And the CoL is probably also way lower in comparison.
I’d rather continue living here than in USA
We generally pay less
Right. The Weimar Republic had their population making substantially more cash than at any point before 1923. They used to be able to take wheelbarrows of cash to the grocery store.
Serious question: what is stopping you?
It’s not a simple thing. You really need some personal tie like ancestry or marriage, go to a university, or be sponsored for work.
I don’t think that’s true. Granted I am from here but just to come and start to work us citizens find it way easier than other nationals. Take it in small steps. Most countries allow you to apply for citizenship after 5 years. You just have to find work and accommodation. Some countries do require proof of ancestry like Ireland but there are many others that dont. Some even have free universities like the Nederland or Germany and they teach in English.
I may not know all the subtleties so don’t quote me on that!
Unies are usually not free for non-citizens. At least not where I live.
i am not saying all all free but you can find free if you need to:
https://www.student.com/articles/countries-american-students-study-free-europe
and even if you don’t find, the tuitions costs are lower than US and even UK now. have a look maybe you can find something that peaks your interest. the rest of the world is a lot more diverse than the US.
great news
we need more alternatives to Visa and Mastercard.Hope they don’t just end up recreating their own version of it
They will.
Let me be delusional in peace
Great news. In India we have UPI which already made Mastercard and Visa come to their knees.
Just if it worked with international payments.
Currently, International GPay required a credit/debit card and I am unaware of a proper UPI solution for it.
Also, we lack proper FOSS UPI for Linux despite efforts, due to it being dependent on cellular networks.deleted by creator
For Android, we are pretty close.
For Linux, well, as long as I can get a cellular device that works with Linux [1] I am willing to take up development on the Linux branch of the same project. I have actually been considering this for a while and this is the only blocker I see.
could be either a mobile device (smartphone/tablet) or an USB/PCIe WWAN accessory having a Linux compatible cellular chip that also works viably on mobile devices, so I can do the testing. ↩︎
What is GNU Taler?
A system that guarantees privacy for the consumer but transparency for the seller (to avoid tax fraud). But It’s basically a digital wallet for the consumer. If you lose control of the wallet, you lose the money on it.
Sweet that sounds good. How do you turn actual money into GNU taler, and spend it?
It’s still a payment system. You need banks and shops to get in. In practice, you would have to wire money from your bank account to the Taler wallet.
Finally someone is doing something about this. I worked in finans and people wouldn’t believe the amount of money that goes to America because we use EMV and whatever the payment transaction system was called.
Canada next please.
Good. I don’t want those two fucking corporate assholes telling anyone where they should spend their money on and banning or restricting accounts of any NSFW artist out there while their owners are all over the Epstein files.
