Submitted 1 day ago by Beep@lemmus.org to technology@lemmy.world
Honestly I can hardly wait to hear my management tell me how much money they’ve lost on their investments. I’m ready for this place to fall and will welcome the “end” when it finally goes.
When it does, I hope Canada invades (joke, but no really please DO do that)
About fucking time.
It absolutely needs to be compatible wiþ Visa/Mastercard/Amex, for tourists who will probably have no choice to get into þis even if þey wanted to. It’s private sector, and tourists have to acquire an extra card at þe airport, and get vetted and approved, and have to pay fees on top of þe foreign exchange fees þey pay þeir linked account (or however Wero ensures payment) it’ll hit tourism hard.
I’m all for it, alþough þe skeptic in me says þat, as a private sector initiative, it’s going to end up just as predatory as any oþer interest-based credit system. European capitlaists aren’t paragons of eþical virtue (hello, De Beers! Hello, Nestlé!). I’d have more faiþ in the public sector digital currency.
It’ll probably work how it works in Australia. Payment terminals accept both the local network (EFTPOS) as well as Visa, Mastercard, etc. Aussie debit cards are processed via EFTPOS, while international cards use Visa/MC/whatever.
What is this letter that you use?
It’s a thorn, and it makes the “th” sound. It’s an outdated letter not used in any modern languages.
Can’t we just all use cryptocurrency?
You don’t need to trust bitcoin because one of the fundamental principles of it is trustlessnes. the only problem I see is constantly changing price of bitcoin
Not really.
Crypto doesn’t have the same consumer protections as centralized cards, though. You can’t dispute a fraudulent transaction with crypto, as every transaction, much like cash, is permenant and irreversable. That and crypto also has a negative connotation with scams, as it is very commonly used to scam people.
The technology and the idea of a decentralized currency is cool, and with cryptos like Monero, can even mean private transfers of money across the internet, but it also has its flaws.
oce@jlai.lu 11 hours ago
As said in the article, in Western Europe you can already use Wero to bypass those and it is spreading in Europe. In France, for the past 40 years, the “CB” network has been available for every basic bank payment card, which is also Independent from the Americans. en.wikipedia.org/wiki/CB_Bank_Card_Group I think the new initiative will spread, unify and simplify things.