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European payments groups join forces to challenge US dominance

63 points · 92 comments · vrganj

  1. petcat · · focus · HN ↗
    These all require Google or Apple devices both by the seller and the buyer. Wero explicitly does not even support non-Google Android devices.

    I'm not sure that replacing Visa and MasterCard is really that big of a sovereignty move considering the pervasive dominance American mobile OS tech has. It's a much harder ecosystem to replace.

    1. abcd_f · · focus · HN ↗
      You can't be serious. Getting rid of the need to pass purchases through these two American behemoths will be a huge step in the right direction.
      1. bediger4000 · · focus · HN ↗
        Heartily agree, even for Americans. I realize there's economies of scale and network effects, I'm not a libertarian, but the US electronic money situation is very bad. No pressure to innovate, be secure, be anonymous, and a small number of business people (out of touch CxOs) arbitrarily debank people and market segments.
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