this post was submitted on 20 May 2026
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Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment (www.lesnumeriques.com)
submitted 3 weeks ago by rssbot@lemmy.bestiver.se to c/hackernews@lemmy.bestiver.se
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[–] Mucki@feddit.org 9 points 3 weeks ago* (last edited 3 weeks ago)

The European banking system already switched to immediate payment via classic bank wire transfer including realtime validation. That renders PayPal, Wero and whatever else useless, at least within most of the EU. It is one of the best things they did. You can buy a car and send the amount in realtime while both parties are watching their accounts to crosscheck and validate. The EU is able to do good. The only advantage of PayPal left over is buyer protection in international trade.