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When? This has been happening for many years now. Slower than turtle.
Hopefully, Europe will offer options to Americans. I want to enjoy my perverse media, and to oppose christofascist organizations.
Wero lets users send money using just a phone number
No, Wero lets users send money using a smartphone. If there’s no desktop interface (like Poland’s BLIK) I’m gonna be disappointed. I know India’s UPI runs on HMD dumbphones, would be nice to have something like this.
No, you need a smart phone for UPI.
That’s a question for your bank. Wero is a system designed for mobile payments between banks, but in 95% of all cases it’s your bank implementing it for the user.
problem
Slop title.
The solutions are ready, super cheap, and the transition period gradual & managed.It is a revenue problem for MasterCard & Visa, bcs no more free monies for them.
fuck em
The article omits that Wero is running on top of AWS. So still the same problem, just slightly lower in the stack.
Centralized problems are generally easier to solve than distributed problems. Depending on their architecture moving to an EU cloud provider could range from tricky but manageable to very painful , but it’s a centralized IT problem that can be attacked and solved. Getting every retail vendor to support Wero is much harder, and is being solved apparently.
It’s easier to replace AWS with a European alternative, than Visa or Mastercard. So the problem is smaller.
Valid point.
But technically an easier transition to own solutions at some point.Wero has its roots before the overall critical industry ‘digital independence’ got enough attention (in the recent year), it was more about solving a specific duopoly (that a lot of banks & startups started solving anyway, just way more fragmented).
While true, the AWS infrastructure in Europe is somewhat sovereign from the parent company and under stricter regulation and oversight. Granted, it’s not a perfect solution but a good one for the moment.
That’s a lie, just marketing. See the https://en.wikipedia.org/wiki/CLOUD_Act
I don’t know much about the payment processors but I would assume Visa and MasterCard run on their own hardware? Or are they also tied to a cloud provider these days?
From a few IPs that I checked, all were served by ASN2559 which would belong to Visa directly. They seem to have a lot of services according to shodan
MasterCard is ASN26380 and has a smaller footprint on shodan, but still many hits
So both seem have their own data centers. Doesn’t mean, that they won’t use AWS/Azure/GCP/… if they see a benefit.
I don’t see how breaking up with US payment systems is a problem, let alone a 24 trillion problem. Sounds like something good. The article (don’t laugh, but I have read it) states the same.
It’s a problem for visa and mastercard, I guess 🤷♀️ certainly not for Europe…
This guy read the article before he commented, everyone laugh at him!
You’re not better: you have read a comment in full before answering to it. Shameful!
Wait, you guys can read?
I can’t even write
And my axe!
Am so better!
edit: tldr
With this economy!
Ha ha!
Fund tranfering should be a gov service provided at cost and maintained as a partnership between nations to make commerce easy for their citizens.
Profit shouldn’t even be a concern.
But think of the poor banks and card companies!!
This is the only correct way. An EU-funded open-data, open-government, open-source Project with the whole purpose of building a non-profit alternative to Visa or even PayPal
Will never happen though :-(
(gov provided) services should never be for profit
government = people who live in the country. So government services are literally by the people for the people. trying to profit from them is like having a parasite.
Brazilian Pix be like:
The real wise move is to use cash whenever possible, folks.
screw that… trade goods/services for goods/services.
much better approach then letting some fatass gobble everything then control everything like now
Good, as an american, fuck em. I cant wait to see the US crash and burn.
Why? I don’t understand your perspective here. Shouldn’t your interest lie with the country you live in?
You won’t have to wait very long
Unfortunately dying empires don’t go down quietly
Fuck Visa and Fuck Mastercard, they have no business dictating what people are allowed to buy. Just process the fucking payment.
Even without them dictating that having absolute core infrastructure privately owned (and in a foreign country at that) is insane.
Not to mention them being profit driven & expensive.
a $24 trillion problem for Visa and Mastercard maybe
Europe just seems to be making all the right moves. Made apple go usb-c. This. Privacy laws. And more.
Some right moves, sure.
I’ve been using Wero for a while. What’s missing are vendors that accept it online, also when hiring a car.
Honestly I think long term the digital euro will be the killer even if it takes longer than Wero. Wero is nice in the meantime, adoption will probably take till end of the year and next year tho.
I hope Wero becomes a EU standard. Sadly our banks have their own system Flik bu the issue is you literally cannot use it to pay anywhere. But they refuse tp accept wero due to having their own system.
I would much prefer a digital euro based on GNU Taler, but I guess Wero might at least be better than the status quo
I am conflicted on the digital euro. But a mastercard/visa alternative is 100% needed
It’s pretty much clear that it will not. Wero was late and most countries already have their own systems. They all signed an agreement last year to work on integrations. Wero will not replace all of them. Which is good because Wero is controlled mostly by German and French banks.
Well that would work as well. But afaik our current banks have not joined any integration programs it was just a few nations that did. Bit in the end if they all integrate and I am able to use our own system to pay in most pf the EU I don’t really care. As long as it works.
Afaik there is a schedule, atm it’s not EU wide yet.
I’m sure there will be a wide support fairly soon (
2027?oh, it’s already in all the countries they opted in - and it’s per county, not per bank, eg Revolut), especially as Wero gets more adopted for all the things. It’s prob already the biggest of them with 50m users.These local solutions (from banks or startups) will get integrated into the system (imho) as intermediaries offering some additional value (idk, credit payments or whatever).
I hope they do. I wanna be able to start doing online payment via one of these systems
In what country are you?
Slovenia
From what I see it’s not part of EuroPA. I think this is up to date:
So this will cooperate with Germany, France and Belgium which have Wero. Will be interesting to see what other countries will do.
I’m in Romania, and I have never heard of Blik. Maybe it’s behind Revolut’s instant payments or something?
There is a domestic instant payment solution - RoPay - but I’ve never actually used it; my bank does occasionally remind me it exists but I’ve never seen a merchant that accepted it. I would say Revolut’s solution I have started to notice - I’ve used it to pay for flights with WizzAir, for example.
I am sincerely hoping they do cooperate.
It’s getting there. Lots of online stores are looking into it now that more banks joined.
Where do we find it? I looked and it’s not on Fdroid or Play Store. Am I blind?
You don’t need a specific app for it. It works by sending a payment link, then you finish the transaction in your own banking environment.
I realised my mistake. This is about payment processors like Visa, Stripe, whatever else, not banks themselves.
I got a bit mind-boggled :-)
It’s a $24 trillion opportunity, that Americans are gonna lose.
It’s a serious problem, but not for Europe. Fuck US megacorps.
