- 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.
Isn’t Wero run by a group of EU banks? First time I hear about EU involvement. Afaik it is the counter effort to the digital Euro from these banks.
Edit: I see, the EU Commission is somewhat involved: https://en.wikipedia.org/wiki/European_Payments_Initiative but I don’t think they are the driving force behind Wero.
You are right, I may have confused things a bit. EPI is the EU program and Wero is one project developed by a goup of banks taking advantage of the EPI.
Also the digital euro isn’t supposed to take the place of the ‘regular’ euro at once, so banks will still want to have other technologies after the digital euro is introduced.