this post was submitted on 20 Dec 2025
321 points (99.1% liked)

Buy European

7758 readers
501 users here now

Overview:

The community to discuss buying European goods and services.

Matrix Chat of this community

Rules:

  • Be kind to each other, and argue in good faith. No direct insults nor disrespectful and condescending comments.

  • Do not use this community to promote Nationalism/Euronationalism. This community is for discussing European products/services and news related to that. For other topics the following might be of interest:

  • Include a disclaimer at the bottom of the post if you're affiliated with the recommendation.

  • No russian suggestions.

Feddit.uk's instance rules apply:

  • No racism, sexism, homophobia, transphobia or xenophobia.
  • No incitement of violence or promotion of violent ideologies.
  • No harassment, dogpiling or doxxing of other users.
  • Do not share intentionally false or misleading information.
  • Do not spam or abuse network features.
  • Alt accounts are permitted, but all accounts must list each other in their bios.
  • No generative AI content.

Useful Websites

Benefits of Buying Local:

local investment, job creation, innovation, increased competition, more redundancy.

European Instances

Lemmy:

Friendica:

Matrix:

Related Communities:

Buy Local:

Continents:

European:

Buying and Selling:

Boycott:

Countries:

Companies:

Stop Publisher Kill Switch in Games Practice:

Banner credits: BYTEAlliance

founded 11 months ago
MODERATORS
maam@feddit.uk
alex@jlai.lu
circledot@feddit.org
Argyle13@lemmy.world
buyeuropean@lemmy.ca
buyeuropean@feddit.org
Lazycog@sopuli.xyz
meldrik@lemmy.wtf
Sunshine@piefed.ca
Kjell@lemmy.world
321
Our payment systems are too dependent on the USA (omni.se)
submitted 1 day ago* (last edited 21 hours ago) by DreasNil@feddit.nu to c/buyeuropean@feddit.uk
53 comments fedilink hide all child comments
 

The governor of the Central Bank of Sweden comments our payment systems.

Hereโ€™s an AI translation of the text into English:

"Given the geopolitical situation, it is important to create European systems in a number of areas. This is according to Riksbank Governor Erik Thedรฉen in an interview with Ekotโ€™s Saturday program, where he emphasizes that Swedenโ€™s payment systems should not be as dependent on the USA as they have been. As an example, he points out that the two dominant credit card issuers, Mastercard and Visa, are American. 'It is probably wise to consider that we should also have European or Swedish systems that function in case the American ones do not,' he says. According to the central bank governor, Swish is 'a certain complement.' He also highlights that other countries, such as Denmark, have their own national credit cards."

you are viewing a single comment's thread
view the rest of the comments
[โ€“] Mihies@programming.dev 13 points 1 day ago (2 children)

We need an open platform for payments, not just another centralized solution.

[โ€“] jacksilver@lemmy.world 2 points 17 hours ago (1 children)

I think the biggest issue with this is that payment systems require a certain level of trust, that's hard to achieve in a decentralized system.

[โ€“] Mihies@programming.dev 2 points 11 hours ago (1 children)

Good point. Trusted by who? Let's say a business has an open payment system and you are buying something from them using whatever money provider you use. What do they care if transaction is successful and money has been wired to them? Also we have certificates and what not, business could act like browsers - trust valid certificates and not trust invalid ones or do as they please. Of course the question here is who provides certificate validity - there could be more providers. I didn't really think deeply into it, but we should be free to not be under one or the other master that can and will bully and extort us.

[โ€“] victorz@lemmy.world 3 points 9 hours ago (1 children)

we should be free to not be under one or the other master that can and will bully and extort us.

I think that ship may have sailed for humankind since centuries back. ๐Ÿ˜

[โ€“] Mihies@programming.dev 1 points 7 hours ago (1 children)

Sadly, you might be right. But one can still dream, right.

[โ€“] victorz@lemmy.world 1 points 7 hours ago

I'm with you. I feel like that's what I'm doing every day while wide awake.

Not the kind of world I wanted to raise my kids in, I tell you that much.

[โ€“] explodicle@sh.itjust.works 2 points 19 hours ago (1 children)

How decentralized does it need to be? Is a central issuer (like GNU Taler) acceptable?

[โ€“] Mihies@programming.dev 2 points 11 hours ago

As long as transaction is completed, why not? But it shouldn't be limited to one issuer.