Beehaw
  • Communities
  • Create Post
  • search
    Search
  • Login
  • Sign Up
Lugh ( Lugh@futurology.today ) M to Futurology@futurology.todayEnglish · 9 months ago

Europe’s $24 Trillion Breakup With Visa and Mastercard Has Begun

europeanbusinessmagazine.com

external-link
message-square
9
link
fedilink
  • cross-posted to:
  • futurology@futurology.today
  • europe@feddit.org
  • canada@lemmy.ca
  • europe@feddit.org
  • buyfromeu@feddit.org
  • buyeuropean@feddit.uk
  • hackernews@lemmy.bestiver.se
174
external-link

Europe’s $24 Trillion Breakup With Visa and Mastercard Has Begun

europeanbusinessmagazine.com

Lugh ( Lugh@futurology.today ) M to Futurology@futurology.todayEnglish · 9 months ago
message-square
9
link
fedilink
  • cross-posted to:
  • futurology@futurology.today
  • europe@feddit.org
  • canada@lemmy.ca
  • europe@feddit.org
  • buyfromeu@feddit.org
  • buyeuropean@feddit.uk
  • hackernews@lemmy.bestiver.se
Europe's $24 Trillion Breakup With Visa and Mastercard
europeanbusinessmagazine.com
external-link
A 130-million-user payment system backed by 16 major banks just launched to challenge Visa/mastercard
alert-triangle
You must log in or # to comment.
  • Riskable ( riskable@programming.dev ) 
    link
    fedilink
    English
    arrow-up
    96
    ·
    9 months ago

    YES! I used to work for the payment card industry. They’re parasites! They serve no real purpose anymore in the age of the Internet. There’s no reason for them to exist.

    They’re still charging transaction fees that were created in the time when everything had to be processed by hand.

    Transaction fees should not exist!

    • knightly the Sneptaur ( knightly@pawb.social ) 
      link
      fedilink
      English
      arrow-up
      12
      ·
      9 months ago

      Same, the whole industry is nothing but a grift.

      • MelodiousFunk ( MelodiousFunk@slrpnk.net ) 
        link
        fedilink
        English
        arrow-up
        7
        ·
        9 months ago

        Middlemen all the way down.

  • Atelopus-zeteki ( Atelopus-zeteki@fedia.io ) 
    link
    fedilink
    arrow-up
    20
    ·
    9 months ago

    Ok, so how do we assist in the destruction of visa, mastercard, am.express, paypal, etc? I would be delighted to use something else.

  • atro_city ( atro_city@fedia.io ) 
    link
    fedilink
    arrow-up
    19
    ·
    9 months ago

    Please do it faster. And make it possible to run on degoogled devices. Then we can decouple even more!

  • Nico198X ( _Nico198X_@europe.pub ) 
    link
    fedilink
    English
    arrow-up
    12
    ·
    9 months ago

    Let’s fucking GO! Moar! MOAR!

    We! Don’t! Need! The US!

  • floofloof ( floofloof@lemmy.ca ) 
    link
    fedilink
    English
    arrow-up
    9
    ·
    9 months ago

    Can Canada join in?

  • glitching ( glitching@lemmy.ml ) 
    link
    fedilink
    English
    arrow-up
    2
    ·
    8 months ago

    a) I mean, ok, that can potentially happen in the future, but does that make it fit in futurology? and b) chill with the champaigne poppings, you can bet your ass whatever comes up ain’t gonna be to your advantage and finally c) “we gonna” instead of actually doing the thing is a negotiating tactic.

  • supersquirrel ( supersquirrel@sopuli.xyz ) 
    link
    fedilink
    English
    arrow-up
    1
    ·
    9 months ago

    This is awesome news!

Futurology@futurology.today

futurology@futurology.today

Subscribe from Remote Instance

Create a post
You are not logged in. However you can subscribe from another Fediverse account, for example Lemmy or Mastodon. To do this, paste the following into the search field of your instance: !futurology@futurology.today
Visibility: Public
globe

This community can be federated to other instances and be posted/commented in by their users.

  • 30 users / day
  • 243 users / week
  • 811 users / month
  • 1.47K users / 6 months
  • 57 local subscribers
  • 4.47K subscribers
  • 2.46K Posts
  • 6.1K Comments
  • Modlog
  • mods:
  • voidx ( voidx@futurology.today ) 
  • Lugh ( Lugh@futurology.today ) 
  • Espiritdescali ( Espiritdescali@futurology.today ) 
  • AwesomeLowlander ( AwesomeLowlander@futurology.today ) 
  • BE: 0.19.15
  • Modlog
  • Legal
  • Instances
  • Docs
  • Code