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European payments groups join forces to challenge US dominance

63 points · 92 comments · vrganj

  1. M95D · · focus · HN ↗
    It's all based on phone apps, replacing Visa/Mastercard dependency with Apple and Google dependency. Far worse for privacy IMO.
    1. makeitdouble · · focus · HN ↗
      Apple and Google are bound to Visa/Mastercard's rules. There is basically no EC without the V/M, and Apple and Google won't be happy just selling hardware. How are you paying for your apps and services ?

      Looking at it from the privacy lens doesn't help when it's a matter of directly controlling the money flow.

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