A 130-million-user payment system backed by 16 major banks just launched to challenge Visa/mastercard

It would be awesome if Canada could do this.

“Every time a European taps a card, pays online or splits a bill with friends, the transaction flows through infrastructure owned and operated by American companies.”

  • Sturgist@lemmy.ca
    2·
    6 hours ago

    Why is it easier to integrate to the US than to Europe?

    Because a lot of Canadian business is actually US business in a trenchcoat. With free trade agreements and lax foreign ownership laws there’s a fair amount of ostensibly Canadian companies that are whole or in part American owned. The whole world is kinda like that actually. Globally we’ve allowed them to conglomerate themselves into every market, and VC themselves into control of way more than they should be.