European Credit Card and digital euro is coming, end 2025
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Bye bye Visa, Mastercard, Paypal, and many others. They can go and play "America First".
We'll have our own independent system by november 2025.Digital euro uh, only matters to the government and banks. Lower cost of production I'm sure. No need to store physical cash for banks.
For citizens, it's not like we haven't been using bank cards and apps this whole time. We just have been linking our payments to a bank account we hold digitally on our phones.
So, this isn't a big change for citizens. Just a lower cost for production.
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Because i don't want to use Visa for my daily expenses. They get a cut from shops.
Maestro doesn't take a cut?
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Bye bye Visa, Mastercard, Paypal, and many others. They can go and play "America First".
We'll have our own independent system by november 2025.are we getting closer to what they have in China
where by the flip of a switch, the Government can make anyone a hobo whenever they wish? -
Maestro doesn't take a cut?
Yes, but i want to find something with Girocard. Them changing to Visa means that there are no plans for European EC cards.
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are we getting closer to what they have in China
where by the flip of a switch, the Government can make anyone a hobo whenever they wish?OK. I'm out of this conversation. Nothing can be a positive outcome of this conversation.
So I admit: The European Union is working on the behalf of China, with a hidden authoritarian agenda who wants to make all EU citizens helpless peasants. All actions the EU are taking are not real. They just want to screw us up. I'm moving to the US. Maybe I'll be better off. (note: sarcasm) -
Yes, but i want to find something with Girocard. Them changing to Visa means that there are no plans for European EC cards.
Unfortunately if you want to minimize the amount of money leaving your country you have to pay in cash because the technology behind all other ways of paying are largely supplied by us banks (for now)
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OK. I'm out of this conversation. Nothing can be a positive outcome of this conversation.
So I admit: The European Union is working on the behalf of China, with a hidden authoritarian agenda who wants to make all EU citizens helpless peasants. All actions the EU are taking are not real. They just want to screw us up. I'm moving to the US. Maybe I'll be better off. (note: sarcasm)Someone who phrases a question like that doesn’t want discussion, nothing good can come of engaging indeed
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System shared this topic
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Unfortunately if you want to minimize the amount of money leaving your country you have to pay in cash because the technology behind all other ways of paying are largely supplied by us banks (for now)
I know, i try, but is not always working.
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Digital euro uh, only matters to the government and banks. Lower cost of production I'm sure. No need to store physical cash for banks.
For citizens, it's not like we haven't been using bank cards and apps this whole time. We just have been linking our payments to a bank account we hold digitally on our phones.
So, this isn't a big change for citizens. Just a lower cost for production.
Not having our cash transaction routed through US services is extremely significant in terms of privacy and autonomy.
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Bye bye Visa, Mastercard, Paypal, and many others. They can go and play "America First".
We'll have our own independent system by november 2025. -
I know, i try, but is not always working.
I also want to use less companies but then end up not having cash on my and paying with my phone soo
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Digital euro uh, only matters to the government and banks. Lower cost of production I'm sure. No need to store physical cash for banks.
For citizens, it's not like we haven't been using bank cards and apps this whole time. We just have been linking our payments to a bank account we hold digitally on our phones.
So, this isn't a big change for citizens. Just a lower cost for production.
It's not just cost of production.
I like the idea of having digital cash like physical cash, with cheap transaction fees if at all, no transactions over international private corps instead of my bank, multiple cards which may or may not work in one place or another, and different apps in different countries.
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Yes, but i want to find something with Girocard. Them changing to Visa means that there are no plans for European EC cards.
C24 bank gives a Mastercard by default, but you can get a free, separate Girocard as well.
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Someone who phrases a question like that doesn’t want discussion, nothing good can come of engaging indeed
It seems bizarre to me you think that. Europe clearly has fascitis in the same way most of the world does -- trump may even help pull you back from that by being such a flaming turd. But it's not irrational to wonder about what level of control a new financial system might be able to exert.
I don't see anything in the first post indicating they think come November you'll have social currency systems, just a healthy level of skepticism about the new thing.
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System shared this topic
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OK. I'm out of this conversation. Nothing can be a positive outcome of this conversation.
So I admit: The European Union is working on the behalf of China, with a hidden authoritarian agenda who wants to make all EU citizens helpless peasants. All actions the EU are taking are not real. They just want to screw us up. I'm moving to the US. Maybe I'll be better off. (note: sarcasm)Clearly they weren't asking that question in good faith, but you countered by cranking the bad faith up to eleven. I don't believe it's necessary to amplifly negativity.
While I also have concerns with central banks, I appreciate you making this newsworthy OP.
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Not having our cash transaction routed through US services is extremely significant in terms of privacy and autonomy.
Autonomy is indeed more valuable than profits
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Bye bye Visa, Mastercard, Paypal, and many others. They can go and play "America First".
We'll have our own independent system by november 2025.Can Canada get in on this?
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Yes, but i want to find something with Girocard. Them changing to Visa means that there are no plans for European EC cards.
AFAIK many cards are hybrid Girocard/(Visa|MasterCard) debit cards. They use the Girocard payment system if supported by the store and (Visa|Mastercard) otherwise.
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It is very new, yes
Its not really new. Wero is a rebrand of the Dutch iDeal which has been in widespread use for over a decade
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OK. I'm out of this conversation. Nothing can be a positive outcome of this conversation.
So I admit: The European Union is working on the behalf of China, with a hidden authoritarian agenda who wants to make all EU citizens helpless peasants. All actions the EU are taking are not real. They just want to screw us up. I'm moving to the US. Maybe I'll be better off. (note: sarcasm)5/10 needs more spy pigeons
