r/Damnthatsinteresting • u/Getatbay • 10d ago

Video EU has created a system that bypasses payment processing services like visa or mastercard

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u/Liquor_D_Spliff 9d ago

European countries have also had these technologies for decades. The point is an interoperable cross border switch that spans the whole continent.

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u/R-Reuss86 7d ago

The digital euro will address that in 2029 across the eurozone.

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u/CheesecakeNo9867 9d ago

They've had these for decades, even though smart phones with cameras have only been around for less than two decades? Sure, bro.

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u/Liquor_D_Spliff 9d ago

The fuck does payment processing have to do with smartphones. Most payment systems run on HP nonstops, which first released in 1976.

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u/Mothers_Milk5029 9d ago

its not a technological achievement its a political one that took a lot of bureaucracy to accomplish.

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u/Rat_itty 6d ago

Minimum for a decade now, yes, how is this surprising.