- cross-posted to:
- buyfromeu@feddit.org
- cross-posted to:
- buyfromeu@feddit.org
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.
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.
Yeah, but if everyone keeps their money on their dEuro account, what do banks loan out money from? Also most people don’t need anything other than basic SWIFT transfers in their lives.
Not all your money. Most people have more than 1 bank account. So this won’t change that. Also SWIFT transfers also include international transfers, and most people aren’t doing that outside of rare instances. Digital currency is only within EU regions, so this solution won’t affect non EU transfers. As OP said the goal is to reduce commissions to Visa and Mastercard.