- cross-posted to:
- privacy@programming.dev
- StopTech@lemmy.today
- cross-posted to:
- privacy@programming.dev
- StopTech@lemmy.today
Cross posted from https://lemmy.zip/post/65355368
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?
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The EU’s payment processors cannot come fast enough.
Why do you assume EU’s or any other payment processor for that matter would be any less draconian? EU and the US are not that far apart when it comes to puritan nonsense.
Why do you assume EU’s or any other payment processor for that matter would be any less draconian?
Because the EU has MUCH better privacy and consumer protection laws than the US.
EU and the US are not that far apart when it comes to puritan nonsense.
That’s simply not true.
They’ve already been no small arbiters of what is and is not “acceptable” by just refusing to service certain transactions and industries.
I mean, the gap will be filled with something not Visa/Mastercard if they keep it up.
Many countries are already implementing independent payment systems. What’s missing is international payments that could be simple, but most of these national systems don’t allow interoperability yet. I really hope they tackle this soon.
That and reserving money like for car rental and other deposits. Shouldn’t require a credit card. A bank or payment provider could implement this transparently.
Visa and MasterCard have such a strong duopoly that its almost impossible to break into. Even Elon is struggling to do it.
Ruin it more?
If it was tomorrow they did that to me, I probably wouldn’t even notice for a few days.
