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.

@Em0nM4stodon Good Luck finding anything at all...

Again: Good luck finding something, because the #US will basically criminalize anything even remotely competing to their " #Quadropoly " of #AMEX, #Visa, #MasterCard & PayPal!

@kkarhan

I am not that negative. I think European systems will take off... Eventually... And provide a limited independence vs the big US 4. Lessons have been learned, the hard way (see ICC blacklisting, etc).

Privacy respecting European systems will be... But only slightly better than US providers.

But, going back to my original argument: cash is king. It's interesting to note that the country most attached to large euros banknotes is Germany.

@Em0nM4stodon @signalapp @techlore

@ParadeGrotesque @Em0nM4stodon I agree, and #Germany restricting #CashPayments to €5k is not only bad amidst the #Greedflation but also absurd.

  • Worse is only the abolishment of the €500 Banknote which I think will be more needed than ever amidst #inflation.
    • Worst is that the #ECB never introduced €2 and €1 banknotes, so millions if not billions of Euros in Coins are stuck overseas as people can't exchange their tips for local currency.
500 euro note - Wikipedia

@kkarhan @ParadeGrotesque That's what I'm saying though. This doesn't exist yet. But there is a great need for it.

@Em0nM4stodon @ParadeGrotesque yeah, I just acknowledge that so far it's extremely unlikely to ever be allowed to exist

  • Cuz there was a system pre- #wero known as #GeldKarte¹ which did a lot but suffered from being strictly #prepaid & #Chip + #PIN only (a #contactless variant known as #girogo was launched but saw even less acceptance & users) , so not even competing with #Pasmo & #Suica on a national comparison. Until then #girocard is the "controlled opposition"
  • #PaySafeCard works great online but I've never heard nor seen of any acceptance in-store ( #retail or #restaurants) and it's limit to €100 (due to " #AML " / " #CTF ") as well as strict #C2B limits (no #C2C transactions possible!) makes it not a replacement of #PayPal.
  • #Monero does work great, but the continued #debanking attacks are #FUD|ding consumers despite it being "the least worst option" currently existing!
Geldkarte - Wikipedia