Afaik the system is being consolidated
replyhttps://epicompany.eu/media-insights/ideal-to-phase-into-wer...
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> I think this will be a much bigger threat to Visa and Mastercard than the oft-promised digital Euro.
replyNot just the American card networks but also a threat to the US Dollar as the reserve currency and the power it gives to the USA
Hence why USA is unhappy with Brazil over their Pix system
I actually like Wero a lot as a name, sound like virtual euro to me.
replyI don't think the name is that bad. iDeal sounds very dated to me as a native English speaker.
replyIt sounds like a coupon website installing malware to me. But... names are just names. When adoption gets large enough, every name becomes unimportant I guess.
replyiShares, iDeal, WhatsApp: the Millenial trinity of European essentials :D
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replyHow would you even pronounce wero as a native English speaker?
replyWe - ro? Wer-o?
At least iDeal was unambiguous.
> How would you even pronounce wero as a native English speaker?
replyThankfully, only about 2% of the EU population speaks English natively.
[0] https://webgate.ec.europa.eu/ebsm/api/public/deliverable/dow... Page 10
I heard the gimmick was euro (you-ro) -- wero (we-ro). Which leaves ayero and dayro.
replyI mean, who cares how you pronounce it? Each country will have its own variant, similar to how euro is pronounced differently in different places, and eventually one will become the English status quo
replyOkay, jello
reply> I think this will be a much bigger threat to Visa and Mastercard than the oft-promised digital Euro
replyWasn't the digital Euro specifically crippled due to banks lobbying against it to promote Wero instead?
I haven't heard of crippling d. euro, but wero is specifically built by European banks, to try to corner the market before d. euro comes.
replyThat said, I wouldn't be surprised regarding lobbying.
I agree it's always fast and convenient! It doesn't have the buyer protection you get with a credit card (it debits from your account immediately), but for most purchases that is fine.
replyWell I guess I have good news for you (and bad news for Dutch merchants), because Wero does offer the ability to dispute.
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