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.

  • !Europe Mod Team@feddit.orgMEnglish
    1·
    8 months ago

    A belated clarification:

    It does not appear that there are plans for a European Credit Card.

    However, …

    • There is the semi-private online payment system called WERO, meant as a competitor to Paypal
    • There are plans for a Digital Euro (D€) system by the ECB
  • unautrenom@jlai.luEnglish
    0·
    8 months ago

    Last I heard about this, they did not fully commit on a singular technical solution yet. The closest I know being NGI Taler (FLOSS, created by a Swiss company, and plans a lauch in Euro this year), but it doesn’t support offline payments yet, unlike what the digital euro’s brochures say.

    Hopefully this will be resolved, but I hear this is a very polarized subject since it would remove a lot of powers from the banks (by concentrating it around the ECB), and they are lobying heavily against it, and the right wing is listening.