Chief of Dutch Central Bank: US influence on payment systems is concerning, working on alternatives for Visa and Mastercard.
Chief of Dutch Central Bank: US influence on payment systems is concerning, working on alternatives for Visa and Mastercard.
Pinbetalingen kunnen gebruikt worden als drukmiddel omdat ze via Amerikaanse bedrijven lopen. "Onwenselijk", noemt DNB dit risico.
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Please let's think this ALL THE WAY: it is pointless to look for alternatives to the customer facing part if the backend still runs on US software.
We need European alternatives to the 2 American duopolies: Visa and Mastercard / Android and Apple.
Android is open source so any European company can just fork their flavor the same way Huawei did.
And there are alternatives to visa/mastercard but their local to each country: Cartes Bancaires in France, Girocard in Germany etc.
Local alternatives are not good enough. We need something that works internationally, otherwise it's not a true alternative.
We also have MobilePay here in Denmark, Swish in Sweden, Bancomat in Italy.
But I am still dubious there is proper sovereignty in the whole stack each one of these run on.
Isn't CB in France still running through visa/MC?
Nope, they just integrate visa/mastercard for international payments like most other European providers.
We have a few options …Fairphone with EOS is probably the best.
I’d love to see it.