Thread

1. carlosjobim · 1790944813 · focus · HN ↗

   And the benefits for users would be?

   1. asimpletune · 1790945273 · focus · HN ↗

      Probably lower prices since there’s competition between payment processors

      1. carlosjobim · 1790945587 · focus · HN ↗

         There's already competition between payment processors, and not lower prices.

         1. furst-blumier · 1790945946 · focus · HN ↗

            Isn't it actually "competition" in the visa/mastercard case?

            1. carlosjobim · 1790947341 · focus · HN ↗

               There are many other options already besides Visa and Mastercard. What I'm asking and nobody wants to answer is what the benefits for users are. The first thing you should think about when making a new product or service.

               People are only answering me here with benefits for European politicians and their sovereignty. That's alright. But what I'm asking about is benefits for the users.

               For example, Visa and Mastercard offer fraud protection to the users, and many card emitters offer cashback to their users. Can this new European system offer this? If not, why not? Can they offer something else which benefits the user over current providers?

               1. phs318u · 1790984892 · focus · HN ↗

                  One benefit to users is they can’t be debanked at the whim of a lawless orange dickhead from a country outside the EU.

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