Comment on Europe’s $24 Trillion Breakup With Visa and Mastercard Has Begun

• Aeao@lemmy.world ⁨16⁩ ⁨hours⁩ ago

  There was a time back in the day it was useful.

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• CummandoX@lemmy.world ⁨16⁩ ⁨hours⁩ ago

  Before smartphones, credit cards were the cashless option.

  Now that we all have a more than capable payment terminal in our pocket, Visa and mastercard are obsolete

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  • tangonov@lemmy.ca ⁨15⁩ ⁨hours⁩ ago

    Sorta. Whomever does payment on your behalf has to be willing to extend credit for an immediate transaction while the very slow process of exchanging money happens at a delay. This is especially so if the transactions are international. I truly wonder how the phone with just an ordinary bank account does this. Is it Google/Apple who extend credit? If so, is that better?

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