Bye bye Visa, Mastercard, Paypal, and many others. They can go and play “America First”. We’ll have our own independent system by november 2025.

  • FoolHen@lemmy.worldEnglish
    5·
    2 months ago

    There’s something similar in Spain called Bizum, created by banking institutions. Most Spanish banks implement it so your phone number is associated to your back account, so you can send and receive money instantly without fees to anyone just by knowing their phone number. Works really well.

    • sucius@lemm.eeEnglish
      4·
      2 months ago

      The program has expanded to Italy and Portugal too. The UE will end up mandating Europe wide interoperability among the biggest ones, is my guess