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by stickfigure 1294 days ago
What I notice: We guarantee a monopoly for visa and mastercard, ensure that transactions cost 3-4% for everyone, and make sure that money requires days to move between accounts.

The state of transaction processing in this country is hot garbage. I'm not claiming that crypto is the answer, but I sure as hell don't think our society has arrived at any sort of best solution. I'm personally fine with a lot more "crime" (aka transactions you personally don't approve of) if it gets us a better financial system.

1 comments

There are instant transactions without fees in Europe. No VISA / Mastercard needed.

https://en.wikipedia.org/wiki/Swish_(payment)

https://en.wikipedia.org/wiki/Blik