this post was submitted on 15 Mar 2025
99 points (95.4% liked)
BuyFromEU
2288 readers
436 users here now
Welcome to BuyFromEU - A community dedicated to supporting European-made goods and services!
We also invite you to subscribe to:
Logo generated with mistral le chat Banner by Christian Lue on unsplash.com
founded 3 weeks ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
On one hand, I want the convenience of a unified system. On the other hand, I don’t want another monopoly with a dangerously wealthy CEO at the helm.
at least the swish system is set up as a collaboration between banks. it's not its own entity. assuming most of the others work this way too, since transferring between banks takes so long.
Maybe a payment system that would only be responsible for EU transfers would be the solution? In addition to the established solutions.
I don’t have a great understanding of economics and business, but I think what we need ultimately is to start cooperatives that compete with the megacorps. It seems to distribute wealth more fairly, instead of weaponising wealth.