What if you woke up tomorrow and completely lost access to your bank account, credit cards, PayPal, and Venmo, all because of something you posted online?
What if you woke up tomorrow and completely lost access to your bank account, credit cards, PayPal, and Venmo, all because of something you posted online?
Yes, but VISA would hold the keys to the infrastructure that let’s you use it in in a modern world.
Visa doesn’t hold the keys to the WERO infrastructure. WERO is basically a facilitator to the system of real time bank transfers that already exists anyway on European infrastructure. It is not a credit card system in that sense, because the money goes immediately from one account to another, but so what?
Except for maybe international online payments, there are already alternatives, so I don’t quite see how.
WERO might be the EU alternative.
WERO…xD It sounds like a duck, it looks like a duck, oh, it’s a duck!
Stay informed about changes to the law, planned surveillance, and so on. The European “wero” system has to comply with European law… so everything will soon be under complete surveillance… It’ll be really great once eID and EUDI are in place… If you live in Germany and post something online that Spain, for example, doesn’t like, your accounts will be frozen and so on, because they’ll be able to bypass the banks.
So again: It sounds like a duck, it looks like a duck, oh, it’s a duck!
Ah, so the good old nationalist argument. If the EU exploded tomorrow, none of these problems would go away. But we would cement the control of third country services, totally out of our the control. Generally, given how decentralised power is on EU level it is often less hard to fight these things on EU level than on national level where the executive is often much more powerful and just steamrolls through with much higher success rate.
The fight against the surveillance state is something we have to face in any case, no matter the framework. A look at the Sunny Uplands in the UK should make that obvious.
Spain is not a third country, as an EU member state it is bound by the same fundamental rights charter that also applies to the EU level as well as to Germany. If that doesn’t cut it, then having everything purely national won’t make a difference either.
Needless to say that your comment does not even have anything to do with the Wero system to begin with, yet apparently it is a duck.
Got anything to say? Or do you prefer vague accusations that could mean anything?