Also clears the way to control how the digital euros can be spent.
No thanks.
Ideal/Wero is good.
Use my credit cards for larger online payments. Mainly because it has insurance and makes it easy to dispute something.
Last year a large Swedish clothing brand didn’t deliver 400 euros worth of clothing. They said they did. I have nothing. Customer service unhelpful. I disputed it with the bank where I have the credit card. The same day it was fixed.
I'd rather have a democratically elected government in control than an unelected company that actively uses its power to censor things it doesnt like. [0]
Except that parts of the union are not democratic at all.
And in this specific case I kinda of agree with what they banned. And they are definitely not the only ones. Lots of financial institutions block these kind of things.
The EU has less democratic accountability than I would like, but it is there. National governments have been brought down over their poor choices at the EU level. Even if you think Visa/MC made the right decisions in these cases, the fact that they're being made by private companies accountable to no-one should worry you.
Wero is good? The company which is only reachable by snail mail, whose services are only accessible through devices running operating systems from the American megacorporations Alphabet and Apple (both known for being fined repeatedly by the EU for breaking various laws)? If that's what passes for good, I'd hate to see what you would call mediocre, let alone bad.
This has been de facto true for a while, not that it improves the situation. Various EU countries have legal limits for the size of cash transactions, requiring you to do it via a bank.
The idea that people have private property does seem to be something governments are incredibly keen to erode.
No thanks.
Ideal/Wero is good.
Use my credit cards for larger online payments. Mainly because it has insurance and makes it easy to dispute something.
Last year a large Swedish clothing brand didn’t deliver 400 euros worth of clothing. They said they did. I have nothing. Customer service unhelpful. I disputed it with the bank where I have the credit card. The same day it was fixed.