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[Scouse]

we give money to Visa and Mastercard for nothing, and they've been terrified Europeans would finally figure that out for years.

Yep. But that's been kind of obvious for ages. I'd be very worried about using a EU government controlled system that wasn't decentralised.

Crypto is made for payments and free from government wankery by design. More secure. More transparent. I'd love it if the west went all in and delivered that slice of freedom to it's citizens.

 

[DaGaffer]

Yep. But that's been kind of obvious for ages. I'd be very worried about using a EU government controlled system that wasn't decentralised.

Crypto is made for payments and free from government wankery by design. More secure. More transparent. I'd love it if the west went all in and delivered that slice of freedom to it's citizens.

It is decentralised. Mobilepay for example was just set up by one Danish bank and all the others joined because they saw the savings. Now it inter-operates with similar services all over the Nordics and no-one really uses their debit cards.

Hilariously. when I worked for a bank we literally tried to do the same thing in Ireland (I was on the Innovation team that built the POC) and at our first meeting with the other banks one of them decided to invite the BizDev director from Mastercard to the fucking meeting. The other banks said no to our plans. Now, five years later they've all agreed to do it because they've finally realised P2P payments may not make money but everyone wants it so they go to Revolut instead. Which is what we said five years ago.