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Europe’s $24 Trillion Breakup With Visa and Mastercard Has Begun
(europeanbusinessmagazine.com)
this post was submitted on 10 Feb 2026
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I'm glad to see Visa suffer, but I'm pretty concerned that Wero requires a proprietary phone app. There is no way to shop using Wero without this proprietary software.
Wero is intregrated into the banking apps we already have. In Germany the banks ING, Volksbank and Sparkasse already implemented it.
That's just a different proprietary app though.
It doesn't require an app. When you pay, you select your bank and it will redirect you to a page that the bank provides. My bank provides a QR-code I can scan with their banking app, but it also offers a log in form to pay.
So I guess it is based on what your bank is willing to provide.
This is based on my experience with 'iDeal' the predecessor of wero.
Is Wero OpenSource ? Between me & you, I really hope GNU-Taler gets mass adoption they are on version 1.3 I think
what does GNU Taler do exactly? is it just another blockchain-like cryptocurrency scheme? Does it require a traditional bank to provide some kind of API? How does institutional oversight work?
Alas I don't think the USA will have the political stability to ultimately allow the adoption of an alternative. There is zero point building something that also accommodates the USA right now as the new King is quite likely to ban it and waste all the time put into it. Even a treaty put in place wouldn't stop this from happening, so frankly its not worth an EU or any other countries company anticipating doing anything with the USA for the foreseeable future.
Personally, I think having WERO available to Americans would be a good thing for Europe. It aligns the American population more closely to Europe, and if America has a civil war, Europe would have stronger economic ties with the side they favor.
As an American, I certainly wouldn't mind using WERO. Aside from buying my hentai games without censorship, I would like to keep my money in a safe institution. DOGE broke into America's social security systems, and exfiltrated data that includes things like bank account numbers. It wouldn't be surprising if Donald withdraws money from his enemies, without any oversight. Or just orders the banks to do so on his behalf, with ICE in every branch.
Point being, I don't trust America with my wealth. Europe should use that feeling as a springboard for global spread of the Euro.
Why would the EU need an approval from the USA?
USA can use whatever the fuck they want. This is to replace all the transactions happening within the EU.
Having your own transactions system is a big win for the EU, even if no other countries adopt it, and it's a massive loss for the USA.
"Stablecoins" exist and are among the most popular cryptos 1.
Trump literally has his own stablecoin 2, not to mention other crypto grifts.
At the end of the day capitalism is a grift regardless of the food chips used.
So he'll probably ban OTHER stablecoins to get a monopoly, and probably have the government sign a 10 years long binding contract with his own business.
Yeah, i was thinking the same thing. Changing one evil for another.