Not really a meme meme, but i felt like i had to :s
this post was submitted on 24 Jul 2025
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So, why doesn't some other payment processor step in to fill in the demand gap that the others are willfully abdicating?
Yoid be starting in 1st position for all these transactions that just lost a market.
They don't have a lot of things to measure when attempting to address fraud, but that's one of them.
Crypto it is, then.
The most likely to succeed at the moment, IMHO, would be a standardization of the various local payment systems in Europe, and there is already some movement in that direction in a growing group of countries, but it probably needs a push from the EU itself, similarly to how GSM was pushed as a standard for mobile communications by European governments as a group and ended up dominating globally (which is also why, for a period and until smartphones became a thing, European mobile telephony companies were wildly successful).
I'm sorry for Americans who aren't assholes (most here in Lemmy as far as I can tell) but the rest of the World does need to decouple from speed-running-to-Gilead America at all levels before it's too late.