Comment by Deukhoofd
13 hours ago
So this is trying to compete against Wero, which is being backed by most major western European banks? I wish them luck, but I somewhat doubt they can compete against that.
13 hours ago
So this is trying to compete against Wero, which is being backed by most major western European banks? I wish them luck, but I somewhat doubt they can compete against that.
It might be an advantage actually. Wero is a clusterfuck in Germany because it is backed by banks. In Germany there is not a single Wero App, but every bank wanted to implement it in their own app. Now you have the situation that a) some people cannot use it, because their bank decided to not implement at all b) each bank decides what features they implement as well as the timeframe. Some can pay online others cannot, yet, some won't at all. Some can pay in stores, others cannot, yet, some won't at all.
It's essentially dead before it has started. This is something Taler could do better. The real danger for Taker is the digital Euro, which I hope they really implement.
> It's essentially dead before it has started
It literally just launched in 2-3 markets only, and it has the baking of banks, EU, regulatory bodies. Which is a big hurdle to clear and Taler is not even at the first hurdle yet, they got rejected in fact.
Having it integrated in every banks app is actually better, so people don’t have to set up another app and register for something. Why should they, if it’s build for being interoperable…just like using your banks Visa or Mastercard like right now.
Just give it some years, it also took a while to get instant transactions or Apple Pay and other mobile payment systems. It’s not like a web app you just deploy and you are online worldwide.
Wero, Mastercard, Visa, PayPal, Twint. The usual GNU story: FLOSS competes against AT&T, SCO, SGI, IBM, Sun, HP, ...
The other half of the usual story is that: the user gets confused by all the possibilities and non-cohesive implementations of the FLOSS version and just pays some US startup which offers a single straightforward package.
The struggle for human rights is always an uphill one, isn’t it?
Wero also looks like the wrong solution tbh, because it doesn’t seem to have card infra. Fintech is one of the few bastions of European excellence, I’m annoyed the EU haven’t mandated an alternative card network into existence.