this post was submitted on 21 Mar 2025
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[โ€“] Jesus_666@lemmy.world 6 points 10 months ago

Annoyingly, we already have fast transactions as part of SEPA. But they're somewhat inconvenient to do and especially not available by just holding your card in front of a sensor.

If we had a harmonized standard for that we could get rid of Visa and MasterCard. And if we had a common web interface to make SEPA transactions more convenient than manually typing an IBAN into a homebanking interface we could get rid of PayPal as well.

Yes, I know services like that exist but I really hate how the current ones expect me to type the login credentials for my homebanking into a third-party website.