CAVOK@lemmy.world to Europe@feddit.orgEnglish · 9 days agoEurope moves to break Visa and Mastercard's grip — but not everyone agreeswww.euronews.comexternal-linkmessage-square25linkfedilinkarrow-up1100arrow-down10file-text
arrow-up1100arrow-down1external-linkEurope moves to break Visa and Mastercard's grip — but not everyone agreeswww.euronews.comCAVOK@lemmy.world to Europe@feddit.orgEnglish · 9 days agomessage-square25linkfedilinkfile-text
The digital euro could arrive by 2029 — but a bitter battle between Brussels and the banks stands in the way.
minus-square𝙲𝚑𝚊𝚒𝚛𝚖𝚊𝚗 𝙼𝚎𝚘𝚠@programming.devlinkfedilinkEnglisharrow-up4arrow-down1·7 days agoBecause card networks are a mess and have far too complex fee structures.
minus-squareSteve@communick.newslinkfedilinkEnglisharrow-up1·7 days agoYah the fee structures are all that needs to be changed. That’s just needs new contracts, not new tech.
minus-square𝙲𝚑𝚊𝚒𝚛𝚖𝚊𝚗 𝙼𝚎𝚘𝚠@programming.devlinkfedilinkEnglisharrow-up1·7 days agoInternational networks like this aren’t easily changed. Setting up a similar, but parallel network is likely nearly as much effort as implementing a new, well-designed network.
Because card networks are a mess and have far too complex fee structures.
Yah the fee structures are all that needs to be changed. That’s just needs new contracts, not new tech.
International networks like this aren’t easily changed. Setting up a similar, but parallel network is likely nearly as much effort as implementing a new, well-designed network.