this post was submitted on 21 Mar 2025
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[โ€“] Yingwu@lemmy.dbzer0.com 130 points 1 week ago (4 children)

If anything, I'm really glad how Europe has stepped up and started cooperating more as a consequence of US actions these past few months.

[โ€“] RobotToaster@mander.xyz 64 points 1 week ago* (last edited 1 week ago)

The Chinese jokingly call Trump "Comrade Jianguo", because of how his trade war has made China become more independent and stopped relying as much on American companies.

In the same way Trump's latest tantrum seems to be good for the Europe.

[โ€“] mannycalavera@feddit.uk 17 points 1 week ago (1 children)

That's the Trump bump! And it's only been eight weeks.

Or is it hump ๐Ÿค”?

[โ€“] WhatAmLemmy@lemmy.world 17 points 1 week ago (3 children)

Soon to be the Trump depression, but probably only for America.

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[โ€“] HenriVolney@sh.itjust.works 10 points 1 week ago* (last edited 1 week ago)

Look into Wero. Only a couple countries and people to people payments for now, but should take off quickly as a universal Euro payement method

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[โ€“] Sunshine@lemmy.ca 54 points 1 week ago* (last edited 1 week ago) (2 children)

Please expand it to Canada too. We need a real alternative to Visa, Mastercard, American Express and Discover.

[โ€“] alvvayson@lemmy.dbzer0.com 21 points 1 week ago* (last edited 1 week ago) (9 children)

Canada shares a land border with Denmark and a maritime border with France.

I think that is sufficient to include them in any extended EU schemes.

(To the degree that they want it, of course)

[โ€“] jonne@infosec.pub 15 points 1 week ago (3 children)

France shares a land border with Brazil, we should get them into the EU as well.

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[โ€“] brucethemoose@lemmy.world 35 points 1 week ago* (last edited 1 week ago) (17 children)

Too bad about crypto.

This is the exact kind of situation it was meant to deal with: finance independent of bad entities. But itโ€™s such a dumpster fireโ€ฆ

I donโ€™t think thereโ€™s a purer example of social media engagement hype, predatory capitalism, and disinformation ruining something neat so quick.

[โ€“] 0x0@programming.dev 1 points 6 days ago (1 children)

Too bad about crypto. You mean cryptocurrencies? Which ones?

[โ€“] brucethemoose@lemmy.world 0 points 6 days ago

All of them?

Big/popular ones have been taking over by the day trading/tech bro crowd.

Small ones seem to be in the realm of scammers/hypers, and there is no way to sort through the sludge.

Those in the middle seem to spin with no traction, and even stablecoins or the GNU one have some inherit issues to adoption.

[โ€“] unexposedhazard@discuss.tchncs.de 17 points 1 week ago (8 children)

There is GNU Taler which is quite cool, but thats not really ready for use yet sadly.

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[โ€“] chicken@lemmy.dbzer0.com 13 points 1 week ago (5 children)

social media engagement hype, predatory capitalism, and disinformation ruining something

I mean, it still works for getting around Visa and Mastercard. For instance it can be used to make donations to various media piracy groups. It's just that it's so useful to scammers and many people see the technology as a whole as being one 'brand'.

[โ€“] 0x0@programming.dev 1 points 6 days ago (1 children)

media piracy

Do you mean privacy?

[โ€“] chicken@lemmy.dbzer0.com 2 points 6 days ago* (last edited 6 days ago)

No I meant piracy, as it's an example of something good you can use crypto for that payment processors are liable to censor. For example Annas Archive, which is practically a modern Library of Alexandria, takes crypto. I don't think Visa is censoring the EFF etc. Yet.

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[โ€“] 01011@monero.town 9 points 1 week ago

It really depends on the cryptocurrency in question. Some coins are much more credible than others. Lumping them all in together is like saying that the Japanese Yen and the Lebanese Pound are the same.

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[โ€“] teri@discuss.tchncs.de 30 points 1 week ago (3 children)

GNU Taler seems to be a good thing to look into. Not a crypto currency but a payment system which preserves anonymity of the buyer.

[โ€“] Hirom@beehaw.org 11 points 1 week ago (1 children)

Yay GNU Taler is very promising, but I fear banks prefer proprietary systems.

It may become widely used if there's strong customer demand for GNU Taler, or regulation requiring an open electronic wallet. Most banks would probably be dragging their feet.

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[โ€“] dejpivo@lemmings.world 9 points 1 week ago

It has been a while since this appeared; I wonder if it picks up steam. Now or never?

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[โ€“] RedSnt@feddit.dk 25 points 1 week ago (1 children)

Cashless payment is fucked. Using a phone to pay with? Sorry, only google wallet or apple pay, and in most cases only visa or mastercard. It's only recently that that Danish "Dankortet" is getting support in those apps. Bit fucking late, but US led companies don't give a fuck.

[โ€“] sloppychops@lemmy.ca 11 points 1 week ago (1 children)

Samsung have their own wallet app, too. There are also a number of alternatives to Visa and Mastercard, but unfortunately, they are not as widespread or are limited to a particular countries banking system. In Canada, we have Interac, for example.

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[โ€“] Krik@lemmy.dbzer0.com 25 points 1 week ago (1 children)

There's Wero, a European alternative to VISA and Mastercard.

[โ€“] sanpo@sopuli.xyz 14 points 1 week ago (3 children)

Is it? Doesn't look like they offer debit/credit cards.

Looks more like a PayPal alternative.

[โ€“] oktoberpaard 8 points 1 week ago (2 children)

Itโ€™s based on iDEAL, which we use in the Netherlands since 2005. All the Dutch banks are connected to it and when you pay, you approve the payment in your banking app or website, after which itโ€™s immediately deducted from your bank account and the webshop gets an instant payment confirmation. Variations of this are also used peer to peer, for example for splitting the bill or when buying second hand stuff. You send someone a payment request (url) or show a QR and payments arrive instantly on your bank account, without any fees.

So indeed, even though itโ€™s immensely popular and widely used, itโ€™s not a full replacement for physical debit cards and it doesnโ€™t offer credit.

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[โ€“] lmuel@sopuli.xyz 8 points 1 week ago

Yup thatโ€™s the current state of it. They say theyโ€™re planning to add in-store and online payment options though

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[โ€“] ArchmageAzor@lemmy.world 23 points 1 week ago

I would love to have an EU bank card. Hope we get one soon.

[โ€“] SabinStargem@lemmy.today 22 points 1 week ago (4 children)

I really hope that the EU introduces a global payment and banking system that is agnostic. I don't want to be under MasterVisa's thumb, and would prefer to keep the bulk of my money as Euros instead of American Dollars. Problem is, as an American, I can't readily use Euros in my daily life.

Here's hoping the EU can strike up a solution with Blue States, so that I don't need to ask Musk for permission to buy anything.

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[โ€“] fluffykittycat@slrpnk.net 18 points 1 week ago (6 children)

Don't let the Christians get up in there and dictate what you can and can't buy with it

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[โ€“] skytrim@reddthat.com 16 points 1 week ago

This is a worry for me. I opened an ebay.co.uk account in 2004. You had to pay for purchases via Paypal. I had all sorts of problems using Paypal and customer care was lousy. I started looking into Paypal and decided it was unethical. I opted out. Ever since, I have been looking for more ethical financial services. When I cannot find them, I just do without stuff.

Right now, I have allegedly ethical bank accounts with Co-Op Bank (UK), Smile Bank (UK) and Triodos (EU). I have a savings account with a community-run credit union (UK) and a prepaid debit card account through my trade union for online purchases (UK). This is good enough for UK-based activity. But I often need to send money abroad e.g. to charities in other countries or to support podcasts or creatives based abroad. I am asked to fund via USA resources like Patreon and I refuse. I want an ethical alternative.

I want to see each nation (or groups like the EU) create its own local resources and make them compatible with other nations via some exchange service that guarantees secure, quick, ethical transactions. I am glad EU is starting to do this, it is decades overdue. I guess UK will drag itself forward eventually but only after we get a government able to live in the here and now instead of the C20th like Starmer does - I suspect he has not had a new idea since 1995. He's younger than me but his mental processes make him seem like my grandfather. Oh, for some young people in government!

P.S. Hello, Media Storm, UK prize-winning investigative journalism podcast. You are great but I cannot fund you as you use oligarch-owned Patreon and communicate only via oligarch-run Instagram or gmail - if you read this, set up some UK-based, ethical comms or funding account and I will set up a monthly subscription. I will email you about this using mediastormpodcast(at)gmail.com but I resent it.

[โ€“] gigachad@sh.itjust.works 15 points 1 week ago* (last edited 1 week ago) (3 children)

The EU plans this for many year, but the problem is every country is doing its own thing with its own standard, that is not working anywhere else. In Germany for example we have Giropay as a solution, which doesn't work in other countries. As it turns out, people move though, that's why for a couple of years now every bank is switching to VISA debit cards...

[โ€“] janbaumy@lemm.ee 11 points 1 week ago (1 children)

As far as I know, Giropay is being replaced by Wero, which is already supported by some banks in different European countries.

It is so far one if the better PayPal/Visa/MasterCard alternatives Iโ€˜ve used, but adoption is still a problem.

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[โ€“] Wrongdoer1@lemm.ee 14 points 1 week ago

We're so capable, it's crazy we needed to be threatened to realize it.

[โ€“] hehehe@lemmy.world 14 points 1 week ago (4 children)

We got UPI in india and it's amazing. You use it and feel like the rest of the world is living in the past.

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[โ€“] skytrim@reddthat.com 11 points 1 week ago (11 children)

The problem is the dollar. While international trade is in US dollars, US can dominate global economy. But Trump is trashing dollar and promoting crypto. How long will the dollar remain default currency? I think when dollar loses its value, USA economy will crash harder than any crash in history. Wheelbarrows of dollars will not buy matches. Will another traditional currency replace the dollar or is dollar's fall a sign that the old system no longer works for any currency. How does economics function after money fails? Are we all going to have to use crypto? How does that work? I hope some expert in economics has worked out a plan. I doubt they have though, this is all unchartered territory.

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[โ€“] sunzu2@thebrainbin.org 10 points 1 week ago

Deny the money changer profit.

Take market share away from these parasites.

[โ€“] qyron@sopuli.xyz 8 points 1 week ago (8 children)

Portugal has it's own network, Multibanco, and I know our central bank is working on a system targeted to the SEPA+ area. We already can send money to each other usong our phone number and our fiscal number.

[โ€“] 0x0@programming.dev 1 points 6 days ago (1 children)

Portugal has itโ€™s own network, Multibanco

That's the customer-facing ATM network, i'm not so sure SIBS's infrastructure doesn't rely on Via/Mastercard, even if they provide SPEA facilities.

[โ€“] qyron@sopuli.xyz 1 points 6 days ago

Multibanco existed way before Visa/Mastercard arrived here.

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[โ€“] MITM0@lemmy.world 8 points 1 week ago (1 children)

Yes it'd s called GNU-Taler, Chief

Try it, you might just like it ;-)

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