European Credit Card and digital euro is coming, end 2025
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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.
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 on
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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.
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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 on
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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
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Its not really new. Wero is a rebrand of the Dutch iDeal which has been in widespread use for over a decade
I think that's wrong. Wikipedia says it's a new system.
And yes, it started last year, so it is still rather new -
I think that's wrong. Wikipedia says it's a new system.
And yes, it started last year, so it is still rather newYeah.. It's a bit opaque, Im not so sure anymore either.
https://nl.m.wikipedia.org/wiki/IDEAL
The Dutch Wikipedia page says that ideal was bought by EPI in 2023. They then launched Wero in 2024, and eventually ideal will be renamed Wero (Note it says renamed and not replaced)
Maybe they rebranded it? Maybe they reused the technology?
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Without digital euro, there is already Wero app to replace PayPal, Visa and MasterCard. At least in theory... It's a payment app that allows to pay and receive money via wire transfer from bank to bank without fee.
In practice, many banks are not enrolled in this program and I have yet to find a single business where I can pay this way. But at least replacing PayPal to send money to friends and family should be easy enough.
If I want to use my main bank account with wero I have to link my mobile number to it and can’t use it for wero with my other account anymore, because that’s the only way my bank supports it. Only a small number of banks actually let you use the wero app with multiple sources. Makes it completely useless for me. Paypal isn’t the only one that can do that either. Basically everything not made by companies that primarily want to be banks can do this. E.g. Klarna.
The other thing is that I need something that works outside the EU. That’s where replacing paypal and credit cards is actually difficult. In my own country or in the EU, I have plenty of options.
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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.
Transaction fees are already lower than cash handling.
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Explain this to my dad, he is almost 60 years old, barely knows how to use his smart phone!
Like others mentioned, last time I saw the news, they where still confused and having conversations. What did it change?What's wrong with your dad if he can't use a smart phone being almost 60?
