Em 12h ago

We need a solution to process international payments that isn't an American fintech company or cryptocurrency and is privacy-respectful like yesterday.

Please 🙏

Edit: By privacy-respectful, I don't mean anonymous. I mean a solution that practices data minimization, and does not share and monetize the data it collects.

Show threadPetra van Cronenburg
@Em0nM4stodon The EU is preparing this. (First levels already in some countries).
11:06amWeb
Show threadEm 12h ago
@NatureMC Sadly, I am not in the EU. But I'm glad there is work being done there.
Show threadEnola Knezevic11h ago
@NatureMC @Em0nM4stodon Do you mean Wero?
Show threadPetra van Cronenburg11h ago

@rhelune We have 2 different initiatives in the EU:

- Wero, a private-sector initiative by the European Payments Initiative (EPI): https://europeanbusinessmagazine.com/business/europes-24-trillion-breakup-with-visa-and-mastercard-has-begun/

- and the EU-states initiative EuroPA for installing a central bank-backed digital currency usable across the eurozone: https://www.ecb.europa.eu/euro/digital_euro/html/index.en.html

And yes, the first step to become independent of US data-collectors is Wero.

@Em0nM4stodon

Europe vs Visa & Mastercard: The $24 Trillion Payments Shift

Europe is building its own payments system and reducing reliance on Visa and Mastercard. Here’s why the $24 trillion shift matters now.

European Business Magazine