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Visa Could Ruin the Internet (youtu.be)

submitted 1 week ago by ratrace@lemmy.zip to c/privacy@programming.dev

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What if you woke up tomorrow and completely lost access to your bank account, credit cards, PayPal, and Venmo, all because of something you posted online?

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[–] IceFoxX@lemmy.world 5 points 1 week ago (2 children)

Not the banks, but the countries. The EU is getting the EU Wallet, and it must be linked to at least one bank account. This will allow other EU countries to enforce penalties and freeze accounts, seize funds, or whatever. Cool, right? 🤮

[–] WorldsDumbestMan@lemmy.today 1 points 6 days ago

Imagine a country like Hungary decides to freeze another's entire population bank account

[–] Jiral@lemmy.org 2 points 1 week ago* (last edited 1 week ago)

The EU wallet is not about financial transactions, is it?

Also there are two systems in the making, one is the public Digital Euro, the other is the private Wero. Sure, accounts could be frozen but neither a single company nor the US could freeze out people out of their financial life.