Good!

[nixcraft@mastodon.social]

Good! Europeans are dumping VISA and MasterCard.

Adieu Visa et Mastercard : 130 millions d'Européens basculent vers un paiement 100 % souverain dès 2026 ( English translation: Goodbye Visa and Mastercard: 130 million Europeans will switch to 100% sovereign payment by 2026 ) https://www.lesnumeriques.com/banque-en-ligne/adieu-visa-et-mastercard-130-millions-d-europeens-basculent-vers-un-paiement-100-souverain-des-2026-n250918.html

[buddakhiin@craftopi.art]

@nixCraft but hosted on AWS, can't say it's as sovereign as they claim sadly

[thibaultmol@en.osm.town]

@nixCraft only downside is that if it's wero it's running on AWS.
And who knows what the other european payment stuff will be built on

[johan_barelds@mastodon.nl]

@nixCraft
A good first step indeed!
But i hope it wont stop after that.
Next step for the banks is to reduce their underlying dependency from US Cloud providers like AWS.

[nocturnalnessa@infosec.exchange]

@nixCraft america should do it too

[gllmr@social.gllmr.fr]

@nixCraft wero is on AWS servers.

[rvstaveren@mastodon.online]

@nixCraft this is Wero? Good first step, and then on the double have the backing infrastructure out of the paws of American tech bros

[emmaf_77@piaille.fr]

@Buddakhiin @nixCraft strenghened European hosting is on track

[buddakhiin@craftopi.art]

@Emmaf_77 @nixCraft I hope so, because when I have Amazon job proposition trying to sell me a "sovereign hosting group" I laugh so hard

[nixcraft@mastodon.social]

Here are other sovereign payment networks designed to bypass the traditional US big tech based credit/debit card (unsorted list):
a) EU - Wero & EPI
b) China - UnionPay, Alipay & WeChat Pay
c) India - UPI/RuPay
d) Brazil - Pix
e) Turkey - TROY
f) Pan African nations are also building or have independent payment networks

More https://en.wikipedia.org/wiki/Category:Credit_card_issuer_associations

We will see more digital sovereignty for security, privacy and to have independent control over their digital assets, infrastructure and data

[ralen@social.ralen.top]

@nixCraft also russia - mir

[adipoeserpursch@troet.cafe]

@nixCraft I'm not sure about Twint in Switzerland.

[nathanael@dalliard.ch]

or just use bitcoin, the most sovereign, secure and independent payment network ever

[nixcraft@mastodon.social]

@adipoeserPursch @ralen good to know. i added wikipedia link so people can find all other options that i missed.

[adipoeserpursch@troet.cafe]

@nixCraft Here's their english written link: https://www.twint.ch/en/press/twint-makes-switzerlands-payment-infrastructure-more-independent/
@ralen

[ciourte@piaille.fr]

@nixCraft Wero is currently hosted on AWS, but it's also requiring your bank app which is most likely exclusively distributed through Google and Apple market places, and I have not heard any plan about addressing that second part.

[jaalsa@mastodon.bsd.cafe]

@nixCraft Bizum in Spain.

[clement_la_baleine@mamot.fr]

@nixCraft
...sauf que Wero dépend des services AWS, donc d'Amazon

[mxk@hachyderm.io]

@nixCraft Wero runs on US infrastructure and as long as there is no unified Wero App that works across all banks I see zero chance of Wero becoming close to mainstream.
And even then, mainstream would mean replacing PayPal at most.
Replacing credit cards would also mean offering a system for in-person payments.

[betarays@p.changeme.fr.eu.org]

@nixCraft Isn’t this the thing that requires an app on Apple’s App Store or Google Play, and only useful for sending money to other people (which doesn’t usually use credit cards and is already doable with SEPA)?