The US will absolutely panic once this starts to spread.
They will have no control, and no eyes on what Europe does with its money.
Power to the EU.
No doubt they are lobbying hard to bring this to the attention of Jabba the Trump.
Now UK has to step up and join
nah, all the US government has to do is ask Apple and Google to delist the wero app and it’ll be cooked
digital sovereignty and mandatory locked down rectangles are fundamentally incompatible
That won’t fly. The EU is a massive market for Apple and Google they won’t want to lose.
But hey, I’d love those monopolies to burn too, so be great to see the problem of them highlighted like that.
Digital sovereignty is suddenly a hot topic.
Trump and data brokers will lash out if people just simply used cash.
Wero again? It’s a German and French solution, it will never spread to the rest of Europe. Digital Euro is a solution developed by EU.
Why do you prefer Digital Euro?
I didn’t say I prefer it. I said that digital Euro is a solution backed by EU. Wero is backed by French and German private banks. There are about 10 solution like Wero currently in EU, all backed by banks from different countries, and Wero is not going to replace any of them.
It’s been underway for a while, EPI - European Payments Initiative.
Hopefully I’ll be able to rid myself of my mastercard sometime next year and just rely on Vipps/Wero. Next year is where they roll out point-of-sale across most of Europe.Are you in Norway? Every Visa and Mastercard issued by Norwegian banks should have BankAxept too. So every time you use contactless it’s BankAxept and if your bank allows Tæpping in Vipps you can use it on your phone too.
Unfortunately I’m not in Norway, but Denmark. Closest thing we have here is Dankort, but that’s tied to Visa for now, which ain’t ideal.
I thought it was independent, but just falls back to Visa or MasterCard whenever Dankort is not supported? Which is, of course, everywhere outside of Denmark…
Always wondered how Vipps’ feature set is in Denmark compared to Norway. Does it allow for contactless payment?
I actually thought the whole contactless pay in Vipps came from the Danish equivalent when they merged.
I think contactless in Vipps is from a cooperation with BankAccept, which makes sense as both of these services are backed by Norwegian banks.
I’m not aware of contactless payment in MobilePay, and I wouldn’t expect it over night when it changes to Vipps as it would require Dankort support. Probably their priority is to support the European payment system so that it can work across borders effortlessly.
Right now, contactless payment using Norwegian Vipps wouldn’t work in Denmark because BankAccept doesn’t work there. At least I’m fairly sure of this - as I said Vipps has stopped working on my phone. 🙃
Funny they found a way to fit Axe into payment system
If it relies exclusively on smart phones they can fuck off, they changing one overlord for another one from the same place, except this one is even shittier.
Seems like it’s Wero again. Which is American-approved smartphone exclusive.
I don’t see it as a replacement for Visa/Mastercard, only possibly Google/Apple pay and things like PayPal.
It’s becoming increasingly bizarre to me that virtually all journalists will absolutely refuse to mention Google Play and iOS exclusivity. Has anyone figured out why that is?
Stop digital ids and age verification.
Yeah, but will they judge what I buy with it?
The EU digital currency act is fully private and backed by the EU. They won’t be able to see what you buy so you can buy as many embarrassing things as you’d like :3
Norway already has BankAxept, which works pretty good. Tæpping with Vipps is a great alternative to Apple/Google/Garmin Pay as well.
Sadly Vipps recently stopped working on degoogled android. :/
Norwegians and others affected by this should feel free to complain to them about that.
Norway is very lucky.
MBWay works great in Portugal
Having lived in several countries in Europe, I can tell you the entire Multibanco system in Portugal (on top of which MBWay is one of the products) is far more complete and has been in place for far longer than anything I’ve seen elsewhere.
Most countries have far more basic systems (for example, you can check your bank account movements and pay your bills in Portuguese ATMs, but not usually in other countries) and some countries in Europe (such as Britain) don’t even have their own payment and ATM system and rely on VISA and/or Mastercard.
Then again the entire Multibanco infrastructure was setup by the government forcing banks to come together, agree on a standard for digital transfers and payments and to setup and pay for a company that does it (called SIBS), so of course all this happened way back in the 80s and wouldn’t happen under more recent, neoliberal, governments.
Can Americans use it? I want tod itch the Christian censored visa and MasterCard
Unfortunately it’s actually not even a replacement for either of those, only for Google/Apple pay realistically, since you’ll need to use a smartphone like with those. Either an iPhone, or a google-approved Android phone. So no luck I’m afraid.
Wero is based on SEPA, the Single Euro Payments Area, which only covers countries in Europe. In order to use Wero, your bank (in a SEPA country) has to explicitly support it (not all of them do; I have checking accounts with 3 banks and only one of them has announced plans to support it). And to use it when shopping, the merchant also has to support it.
Apparently there are plans to link European and Canadian payment systems. But no way the US will do this.
Americans should support trade unions and cooperatives.
