oshyJun 24

The year is 2032.

You have to buy shitcoins for every online retailer now.

Anything not approved by Mastercard or Visa's Moral Committee is only possible to view on the dark web. (domain purchases are blacklisted if the domain hosts something against the moral committee's wishes)

Food products and electronics now have to be "Visa Certified"

A rep from Visa or Mastercard has to inspect every product and ensure that it doesn't contain any dissenting opinions or other thought crimes. Only then can it be Visa or Mastercard Certified and you may purchase it with your money.

Show threadjomoJun 25

@ocean in the EU there are at least alternatives, but they all suck. Many people use PayPal, which is probably even worse as a moral police.

In theory you have SEPA bank transfers, but nobody wants to log into their bank account, manually enter all the details and then wait until next week for the payment to be processed. So the shops use some shady providers that literally phish your bank credentials and guarantee the merchant that the payment was made.

Show threadjomoJun 25

@ocean Or they use an installment provider where you loan the money, they pay the merchant instantly and hope you don't pay in time to demand a penalty.

SEPA instant transfers are becoming a thing where you finally don't have to wait for the server's opening hours. But it's probably going to take a while for this to be integrated. And the money becomes instantly available, so if you accidentally pay a scammer, it's 100% your fault and there is no way to get the money back.

Show threadLasagneJun 25

@jomo @ocean

Sepa instant is mandated by law to not cost extra.
All banks have it.
In many banks it is even default option.

Show threadjomoJun 25
@lasagne @ocean I meant integrated, not implemented, sorry. Not all banks can send instant payments yet, though.
Show threadnick
@jomo @lasagne @ocean from October 9th, they will have to
Jun 25 at 10:07amWeb
Show threadjomoJun 25
@nick @lasagne @ocean banks will have to implement it, yes. But I doubt shops will have to integrate it into their payment process, and they'll just keep using whatever they already have.