The group responsible is “Collective Shout”, the same org has targeted Steam before.
There are calls on social media now to contact Mastercard, Visa and co. and file complaints.
The group responsible is “Collective Shout”, the same org has targeted Steam before.
There are calls on social media now to contact Mastercard, Visa and co. and file complaints.
Let the Digital Euro become a thing. It will wreck havoc on the current payment ecosystem.
And the Digital Euro is not a crypto. It will be a digital currency, backed by the ECB, at a one to one exchange rate with standard euro currency.
I mean the issue here is not with the money itself, it’s the payment processors
The eEU is supposed to be one, itself. And even if it fails Wero and MBWay are growing, which are direct money transfer systems.
be careful. stablecoins are a step towards central bank digital currency. once CBDC is established, it’s all over for freedom to spend money.
You can still pay with gold and silver.
Time for Brazil’s PIX to be exported around the world. That’s likely to be hard, as here it is a direct, bank agnostic account-to-account transfer without middlemen and without any tax, so it’d need cooperation between the involved countries.
You’re describing the same system behind Wero and MBWay. We can just use cellphone numbers to move money from account to account, regardless of the banks at each end of the transaction.
Euro(pe) is the MVP
It has its moments.
The various groups trying to ban payments for NSFW products and whatever else they don’t like would just target the ECB and member states to restrict transactions they don’t like
Sure. Targeting a central bank and several independent nations will be as simple as pressuring two US companies. /s
You’re a dick. Hope you get better
Practically the whole world has been having an authoritarian/conservative shift. I would not expect the EU and ECB to be a progressive force for sex work. The EU has been pushing to break encryption for a solid decade now. Visa and Mastercard process 90% of transactions outside of China. They’re huge. I don’t see why ECB leadership would be particularly less conservative and risk averse than Visa and Mastercard. Bankers are usually on the conservative side of politics
The Nederlands, Germany, Spain, if I’m not wrong, France and Italy have prostitution as legal. My own country abstains from legislating on it, instead opting to criminalizing procuring and the facilitation of prostitution, as well as human traffic for such end.
Europe has a well established culture of sex work, with a good number of organizations lobbying - openly, through open public debate - in the way of making sex workers being recognized as any other worker and increasing their social relevance and recognition.
If you inform yourself a bit, in my country, you can legally establish yourself as an escort, under a very specific tax code, and pay taxes according to the money you make and have tax deductions and social benefits.
Currently, we already have a direct payment and transfer system, called MBWay, that through your phone number, allows for transfering, paying and collecting money, from one account to another.
No fintech, no middle agents, no shit: direct transfers from one account to another.
The Digital Euro takes this a step further. And even if the eEuro never takes place, this system is to be widened to all EU and abroad, to run against AliPay, Visa, MasterCard and others.
Bankers want money.
American bankers should spit out the “holy” book they have stuck up their arses.
At least Germany, Spain, and Italy have resurgent far right political movements. I am not about to trust government payment systems to not eventually be abused as technology makes control and surveillance easier. A holy book can be replaced with whatever new age self-help, health movement, anti-<ethnicity/sexuality/religion> movement. All it takes is some instability and desperation and people will support whatever or turn a blind eye to whatever they may think is not their problem or they may potentially benefit from. Good for the EU to run their own payment systems. When a conservative wave takes a large enough majority in governance someday, it’ll be the same problem as Visa/Mastercard/etc
The governance powers we give with results being leftist in mind will someday be in the hands of conservative who will use them with a kind of zeal that leftist don’t
My own country too.
Now allow me too share a conviniently forgotten fact about most far right governments of the last century: they all were very at ease with having sex workers.
My own very catholic and repressive country had a very detailed law on prostitutes, which mandatory registration, regular medical exams and visits, etc. It’s a good way too pacify populations.
The current hunt on independent adult themed art/entertainment/etc is more about good old fashioned religious zealotry than anything else. Pornography gets some flak but it’s a lot harder to successfully target.
This isabout forcing people into conventional set roles and definitions and closing minds and shutting down free independent thinking. And stopping people from being or becoming humane.
@network_switch @Jackhammer_Joe even authoritarian states doesn’t like dependencies which can tell them what they have to do. So those companies are a risk for their independence… my personal feeling europe’s right people might not like porn but they probably would rather fight for porn then let a none european company tell them how they have to handle business ;)
@network_switch @Jackhammer_Joe oh on a sidenote -> https://www.theverge.com/2021/8/27/22641095/onlyfans-sex-work-ban-online-porn-payment-processing-controversy << just a reminder …
To me it’s an inevitability that if the EU weans itself off Mastercard/Visa, then EU based payment processors whether credit based or something like SEPA payments for a digital EURO would be censored. The EU would be happy to handle their own business and that may just end up no different than American companies and the American government. The European right can fight against porn while fighting for independent finance infrastructure
The issue with the systems being proposed and already in place in Europe is that the money flows directly between accounts. Banks don’t have a way to know what is being payed for.
And there is even another system, where blocks of payment references can be bough from a slew of independent entities (all must be registered as financial entities at central banks) and used to transfer money that way. The issuer either charges a token value for each reference, a % on the payment value or both. Money flows directly between accounts, instantly.
The all-mighty PayPal uses a third party payment reference provider for people who want to use their service but don’t want to put their card into it.