This is the only correct way. An EU-funded open-data, open-government, open-source Project with the whole purpose of building a non-profit alternative to Visa or even PayPal
government = people who live in the country. So government services are literally by the people for the people. trying to profit from them is like having a parasite.
A few years back I remember who I believe was a commission leader in Brussels commenting on Pix along the lines of: Pix has given banking access to many Brazilians. We already have a very high quota in Europe, so we will not need an equivalent system… I don’t think there’s much interest in the political sphere for a publicly run solution like this.
Pix had anything to do with banking access. You need to have a bank account to have access to pix. Pix is a money transfer system, that is free for individual users and extremely cheap for companies, controlled by the central bank that works instantly 24/7.
Edit: is also mandatory for banks and financial institutions so everyone has it
Fund tranfering should be a gov service provided at cost and maintained as a partnership between nations to make commerce easy for their citizens.
Profit shouldn’t even be a concern.
But think of the poor banks and card companies!!
This is the only correct way. An EU-funded open-data, open-government, open-source Project with the whole purpose of building a non-profit alternative to Visa or even PayPal
Will never happen though :-(
(gov provided) services should never be for profit
government = people who live in the country. So government services are literally by the people for the people. trying to profit from them is like having a parasite.
For bank transfers this is already a thing, it’s called SEPA. Transfers are instant and free (to the user at least, no idea if the banks have to pay).
But yes, there should be an equivalent thing for in-person payments too.
Brazilian Pix be like:
A few years back I remember who I believe was a commission leader in Brussels commenting on Pix along the lines of: Pix has given banking access to many Brazilians. We already have a very high quota in Europe, so we will not need an equivalent system… I don’t think there’s much interest in the political sphere for a publicly run solution like this.
Pix had anything to do with banking access. You need to have a bank account to have access to pix. Pix is a money transfer system, that is free for individual users and extremely cheap for companies, controlled by the central bank that works instantly 24/7.
Edit: is also mandatory for banks and financial institutions so everyone has it