Visa Could Ruin the Internet

22 days ago by ratrace to c/aboringdystopia

Auf YouTube findest du die angesagtesten Videos und Tracks. Außerdem kannst du eigene Inhalte hochladen und mit Freunden oder gleich der ganzen Welt teilen.

Cross posted from https://lemmy.zip/post/65355368

What if you woke up tomorrow and completely lost access to your bank account, credit cards, PayPal, and Venmo, all because of something you posted online?

MissesAutumnRains 28 points 22 days ago

The EU's payment processors cannot come fast enough.

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alakey 2 points 21 days ago

Why do you assume EU's or any other payment processor for that matter would be any less draconian? EU and the US are not that far apart when it comes to puritan nonsense.

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Viking_Hippie 7 points 20 days ago

Why do you assume EU's or any other payment processor for that matter would be any less draconian?

Because the EU has MUCH better privacy and consumer protection laws than the US.

EU and the US are not that far apart when it comes to puritan nonsense.

That's simply not true.

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Carmakazi 14 points 22 days ago

They've already been no small arbiters of what is and is not "acceptable" by just refusing to service certain transactions and industries.

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ShadowRam 13 points 22 days ago

I mean, the gap will be filled with something not Visa/Mastercard if they keep it up.

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benjirenji 16 points 22 days ago

Many countries are already implementing independent payment systems. What's missing is international payments that could be simple, but most of these national systems don't allow interoperability yet. I really hope they tackle this soon.

That and reserving money like for car rental and other deposits. Shouldn't require a credit card. A bank or payment provider could implement this transparently.

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muntedcrocodile 1 point 21 days ago

Visa and MasterCard have such a strong duopoly that its almost impossible to break into. Even Elon is struggling to do it.

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Proprietary_Blend 4 points 22 days ago

Ruin it more?

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Korhaka 1 point 22 days ago

If it was tomorrow they did that to me, I probably wouldn't even notice for a few days.

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