[ywvcbk]

> Right but those countries are comparable in size and GDP to US states

Yes? So in theory it should be significantly harder to implement a EU wide system when it’s much more decentralized than the US. Yet it only took a few years for SEPA and later instant payments to become universally supported across the EU.

Also developed European countries had all of those things you’ve listed in similar timeframes.

[dartos]

The US is very behind on a lot of areas financially, but their gdp is bigger than all of Europe combined

https://tradingeconomics.com/country-list/gdp?continent=euro...

[sofixa]

Cool. And how is that even remotely relevant to anything related to the topic of hand?

If your argument made any sense, you'd be using GDP per capita. And there the US is beaten by e.g. Switzerland, Ireland, Norway (skipping microstates) and all of them are around a decade ahead of the US in banking, at least.

[dartos]

The comment above said that there are EU countries with comparable GDPs to the US.

There aren’t any.

I don’t think per capita matters in this particular case since the difference in gross gdp is so dramatic.

There is a much bigger incentive to monopolize in the US because the pie is so damn huge that it offsets the cost of overcoming regulatory hurdles.