this post was submitted on 05 Apr 2025
984 points (99.2% liked)
Europe
5279 readers
1472 users here now
News and information from Europe πͺπΊ
(Current banner: La Mancha, Spain. Feel free to post submissions for banner images.)
Rules (2024-08-30)
- This is an English-language community. Comments should be in English. Posts can link to non-English news sources when providing a full-text translation in the post description. Automated translations are fine, as long as they don't overly distort the content.
- No links to misinformation or commercial advertising. When you post outdated/historic articles, add the year of publication to the post title. Infographics must include a source and a year of creation; if possible, also provide a link to the source.
- Be kind to each other, and argue in good faith. Don't post direct insults nor disrespectful and condescending comments. Don't troll nor incite hatred. Don't look for novel argumentation strategies at Wikipedia's List of fallacies.
- No bigotry, sexism, racism, antisemitism, dehumanization of minorities, or glorification of National Socialism.
- Be the signal, not the noise: Strive to post insightful comments. Add "/s" when you're being sarcastic (and don't use it to break rule no. 3).
- If you link to paywalled information, please provide also a link to a freely available archived version. Alternatively, try to find a different source.
- Light-hearted content, memes, and posts about your European everyday belong in [email protected]. (They're cool, you should subscribe there too!)
- Don't evade bans. If we notice ban evasion, that will result in a permanent ban for all the accounts we can associate with you.
- No posts linking to speculative reporting about ongoing events with unclear backgrounds. Please wait at least 12 hours. (E.g., do not post breathless reporting on an ongoing terror attack.)
(This list may get expanded when necessary.)
We will use some leeway to decide whether to remove a comment.
If need be, there are also bans: 3 days for lighter offenses, 14 days for bigger offenses, and permanent bans for people who don't show any willingness to participate productively. If we think the ban reason is obvious, we may not specifically write to you.
If you want to protest a removal or ban, feel free to write privately to the mods: @[email protected], @[email protected], or @[email protected].
founded 9 months ago
MODERATORS
HEY GUYS! YOULL NEVER GUESS. Portugal already has such a platform! Even Romania has started using it!
Everyone and their cousins have their own platform. That's the issue. No one wants to standardize on someone else's alternative so the incumbents reign supreme.
Is a federation of different platforms not possible? Warning: I know absolutely nothing about this.
It's technically possible, guaranteed.
The problem is capitalism. Every company is too selfish, and every government too neoliberal, to build some at cost publicly-owned globally interoperable payment system.
Even now, the buy EU movement is largely just replacing US-oligarchy-owned services with EU-oligarchy-owned services. It's better than funding the American nazi party, but it's not a long term solution.
This is more going into the direction of feudalism than just capitalism. A million tiny realms and every one keen of keeping their population locked in and uninformed about the outside world. I think there's even a name for it: technofeudalism.
It was bound to happen eventually.
Maybe the @[email protected] is in a good place to enforce a cross-border payment system.
Visa won't be able to make commercials like this anymore.
Are you talking about MBway? I want to have the possibility to do it also we a card. Sometimes I donβt take my phone everywhere
No. MBway is the Venmo equivalent, Multibanco is the Visa rival
Iβm really confused. I thought multibanco was just what we called the atm! Even went to my wallet to check my banco ctt card. Can ELI5 it to me?
The commonly shared software by all ATMs in Portugal is very cool too though. Lots of additional features like charging your prepaid sim or even paying your taxes too.
Well, itβs also the protocol! If your card has this symbol, it means it has that payment processor! Due to some weird language mixups it is both the atm and the protocol! Managed by SIBS, an interbank organisation
Thanks, this is news to me!
if it doesn't do card, it's not an alternative anyway
I was wrong. Itβs another thing
The crux is having credit and being able to put blocks on it - say for renting cars.
But I am all for a European alternative. Bring it