This post is a reminder that Visa and Mastercard are two american companies and that every time you pay for something with your credit card you are most likely paying taxes to trump and his goons.
This post is also intended to be a provocation to all the crypto haters and the cashless payment fanatics.
In reality there is no alternative to Visa/Mastercard. Any other product either uses them in the background, or is not a credit card product. The only other option is the japanese credit card, I forgot its name
In Sweden we have Swish, which allows you to pay for stuff online without using any debit or credit card. I use it all the time, I cannot remember last time I paid online with card, unless it was from a foreign online shop/service.
However, it often isn't available in grocery and retail stores. But it is often available in rural areas or small shops who don't want to pay the fee for cards.
Also, Sweden is developing an e-krona, an electronic version of the Swedish currency. It should hopefully replace cards in all shops in the future.
Until then, using cash in grocery and retail stores is always possible. The problem is most swedes haven't seen physical money in so long I am not certain they still know how to use it... 🤔
The digital euro looks so promising, even if it's a small thing. Ditching Visa and Mastercard would help reduce intermediates in the payment chain, even if the replacement is the bank itself.
Oh thanks for clarifying... I don't really see those posts, to be honest.
I do hold some crypto myself (BTC). I think it's good to have some sort of currency outside of FIAT, just in case, but I don't foresee it ever becoming a thing in the EU.
I often paid with my cards (or my watch), but switched to cash until there is a legit european alternative. Most cryptocurrencies are pump and dump schemes
They don't pay income tax, but they do pay tax. They pay payroll taxes when paying employees, and those employees have to pay income taxes on those wages.
If you buy american, some of that money will go to the feds in taxes, and the US has a major corporate tax evasion problem. Both are true.
While it is partly true - look at how big lobbyorganisations of said companies are in Strasburg - I do not like how General this is. "All politicians are bought" is just straight up wrong.
Visa at least probably doesn't collect a per transaction surcharge on these transactions right? I mean, they probably do get your data and probably ultimately still cost you money in a round about way.
I have no idea. I've wondered about buying those prepaid MasterCards for things where a card is needed. It's kind of like you need to think like someone doing fraud just to opt out of a financial norms that you don't agree with. People are already weirded out by someone paying cash here.
There is already a solution inside the EU, the shops just have to support it now. "Over the course of 2025, banks will no longer be allowed to charge additional fees for instant transfers in euros. Banks in all 20 euro countries must also offer the real-time service as standard."
Giro payment system läuft getrennt von Visa und Mastercard. Viele Girokarten sind aber eine Kombination aus Giro und Visa oder Masterkarte und da kommt manchmal das Logo her.
I think that's one of the part where there is no credible alternative, most of your credit/debit card will be either Visa or Mastercard, they're monoliths
every time you pay for something with your credit card you are most likely paying taxes to trump and his goons